INVESCO PERPETUAL SELECT TRUST PLC Headline: Conversion of Shares The Board of Invesco Perpetual Select Trust plc (the `Company') announces that valid Conversion Notices have been received in respect of: 11,648 UK Equity Shares 106,827 Global Equity Income Shares 18,631 Balanced Risk Shares 705,621 Managed Liquidity Shares The respective Conversion Ratios were as follows: * For every UK Equity Share converted, holders will receive 1.033087 Global Equity Income Shares, 1.337900 Balanced Risk Shares or 1.467940 Managed Liquidity Shares; * For every Global Equity Income Share converted, holders will receive 0.967973 UK Equity Shares, 1.295051 Balanced Risk Shares or 1.420926 Managed Liquidity Shares; * For every Balanced Risk Share converted, holders will receive 0.747440 UK Equity Shares, 0.772170 Global Equity Income Shares or 1.097197 Managed Liquidity Shares; * For every Managed Liquidity Share converted, holders will receive 0.681227 UK Equity Shares, 0.703766 Global Equity Shares or 0.911413 Balanced Risk Shares. The Conversion Ratios, which will be effective on 3 February 2014, are based on the relative net asset values of the Company's Share classes as at close of business on 22 January 2014. Individual Shareholders' entitlements on conversion on 3 February 2014 will be rounded down to the nearest whole number of Shares. Fractional entitlements will be aggregated and sold in the market. The Shares arising or allotted pursuant to the conversion will rank pari passu with the existing Shares of the relevant class and, for the avoidance of doubt, will not rank for the dividends declared on 15 January 2014 in respect of the UK Equity and Global Equity Income Shares. The net changes to the number of shares outstanding following the conversion and allotments are as follows: +374,340 UK Equity Shares +124,231 Global Equity Income Shares -18,631 Balanced Risk Shares -705,592 Managed Liquidity Shares +226,049 Deferred Shares Following the conversion, the total number of listed Shares in issue (excluding shares held in treasury) will be: 39,497,808 UK Equity Shares 31,464,956 Global Equity Income Shares 8,769,020 Balanced Risk Shares 6,223,076 Managed Liquidity Shares The Company has applied for the following numbers of Shares arising or allotted pursuant to conversion to be admitted to the Official List and to trading on the London Stock Exchange: 385,988 UK Equity Shares 231,058 Global Equity Income Shares 29 Managed Liquidity Shares Dealings in such shares are expected to commence at 8.00 a.m. on 4 February 2014. It is expected that Certificates in respect of the Resulting Shares will be posted by 14 February 2014. . The remaining conversion dates for 2014 are set out below. Elections for conversion must be received by close of business ten days prior to the respective conversion date. Where that day is not a business day, elections by way of CREST must be transmitted and properly authenticated by 3.00pm on the last preceding business day. Written elections will be accepted if received by the first post on the following business day. Conversion Date Date by which elections for conversion must be received 1 May 2014 21 April 2014 1 August 2014 22 July 2014 3 November 2014 24 October 2014 Instructions on how to convert Shares on any conversion date are available on the web pages of all the share classes on the Investment Manager's website: www.invescoperpetual.co.uk/investmenttrusts and from the Company Secretary. 28 January 2014
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