THIS
ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND AND THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT
IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT
OF SUCH JURISDICTION
28 March 2024
Invesco
Select Trust plc
Results
of General Meeting and Class Meetings
The Board
of Invesco Select Trust plc (the "Company")
is pleased to announce the results of the General Meeting and the
Class Meetings of the Global Equity Income and Balanced Risk
Allocation share classes held yesterday, 27
March 2024.
Resolutions
at the General Meeting have voting rights based on the net asset
values of the respective share classes at close of business on
25 March 2024. All Resolutions at the
General Meeting and the Class Meetings of the Global Equity Income
and Balanced Risk Allocation share classes were passed and the
results are shown below:
General
Meeting:
|
Special
resolutions:
|
Votes
For (including votes at
the
discretion of the Chairman)
|
%
|
Votes
Against
|
%
|
Votes
Withheld
|
|
1.
|
46,837,090
|
98.9
|
533,471
|
1.1
|
205,905
|
|
2.
|
46,837,090
|
98.9
|
533,471
|
1.1
|
205,905
|
|
3.
|
46,837,090
|
98.9
|
533,471
|
1.1
|
205,905
|
|
4.
|
46,837,090
|
98.9
|
533,471
|
1.1
|
205,905
|
|
5.
|
46,721,210
|
98.8
|
574,395
|
1.2
|
280,861
|
|
6.
|
46,721,210
|
98.8
|
574,395
|
1.2
|
280,861
|
|
7.
|
46,721,210
|
98.8
|
574,395
|
1.2
|
280,861
|
|
8.
|
46,721,210
|
98.8
|
574,395
|
1.2
|
280,861
|
Total
Voting Rights applicable to the above resolutions were
217,623,710.
Global
Equity Income Class Meeting:
|
Special
resolution:
|
Votes
For (including votes at the discretion of the
Chairman)
|
%
|
Votes
Against
|
%
|
Votes
Withheld
|
|
1.
|
8,393,809
|
98.8
|
103,604
|
1.2
|
22,205
|
Balanced
Risk Allocation Class Meeting:
|
Special
resolution:
|
Votes
For (including votes at
the
discretion of the Chairman)
|
%
|
Votes
Against
|
%
|
Votes
Withheld
|
|
1.
|
1,890,476
|
99.8
|
4,151
|
0.2
|
2,126
|
The voting
rights for the above Class Meetings were one vote per
share.
Despite
favourable proxy voting received, the UK Equity and Managed
Liquidity Class Meetings did not meet their quorum requirements and
those Class Meetings have been adjourned. For yesterday’s Class
Meetings the quorum requirement was for one third of the holders of
the nominal value of each respective Class to be in attendance
either in person or by proxy. For the adjourned Class Meetings the
quorum will be one member attending in person or by proxy (holding
any number of shares). The adjourned UK Equity and Managed
Liquidity Class Meetings will now take place at 9.30 a.m. and 9.45
a.m., respectively on 16 April
2024.
Shareholders
in the UK Equity and Managed Liquidity Classes will now have until
1.00 p.m. on 12 April 2024 to make elections in respect of
their Tender Offer and until 9.30
a.m. and 9.45 a.m.,
respectively on 12 April 2024 to
submit proxy votes for the adjourned Class Meetings. The tender
election period is not being extended for the Balanced Risk
Allocation Share Class.
Please
note, as a result of the adjournment, the Board has postponed the
quarterly share conversion that would have taken place on
1 May 2024.
The
revised timetable for the Tender Offers and the Reclassification is
as follows:
|
Latest
time and date for receipt of Tender Forms and submission of TTE
Instructions from Shareholders in the UK Equity and Managed
Liquidity Share Classes
|
1.00 p.m.
on 12 April
|
|
Latest
time and date for receipt of PURPLE Proxy Forms for the UK Equity
Share Class Meeting
|
9.30 a.m.
on 12 April
|
|
Latest
time and date for receipt of YELLOW Proxy Forms for the Managed
Liquidity Share Class Meeting
|
9.45 a.m.
on 12 April
|
|
Record
Date for the Tender Offers
|
6.00 p.m.
on 12 April
|
|
Updated
results of Tender Offers announced
|
15
April
|
|
Calculation
date for the Tender Offers
|
close of
business on 15 April
|
|
UK Equity
Share Class Meeting
|
9.30 a.m.
on 16 April
|
|
Managed
Liquidity Share Class Meeting
|
9.45 a.m.
on 16 April
|
|
Interim
dividends announced
|
16 April,
post meetings
|
|
CREST
accounts credited for revised uncertificated holdings of tendered
Shares (or, in the case of unsuccessful tenders, for entire
holdings of tendered Shares)
|
17
April
|
|
Tender
Prices announced
|
22
April
|
|
On market
purchase of tendered Shares
|
23
April
|
|
Interim
dividends XD dates
|
25
April
|
|
Interim
dividends record date
|
26
April
|
|
CREST
Settlement Date: payments through CREST made and CREST accounts
settled for tendered Shares. Cheques for certificated Shareholders
despatched.
|
29
April
|
|
Final
announcement of separate NAVs for the Global Share Class, UK Equity
Share Class, Balanced Risk Share Class and Managed Liquidity Share
Class
|
30
April
|
|
Calculation
Date and Record Date for the Restructuring (following repurchase of
tendered Shares)
|
5 p.m. on
30 April
|
|
Non-Global
Shares disabled in CREST
|
5 p.m. on
30 April
|
|
Trading
halted in Non-Global Shares on the London Stock Exchange
|
1
May
|
|
Announcement
of results of redesignation of shares and the number of new Global
Shares
|
by 4.00
p.m. on 3 May
|
|
CREST
accounts credited with, and dealings commence in new Global Shares,
and Admission
|
8.00 a.m.
on 7 May
|
|
Payment of
interim dividend (in CREST)
|
10
May
|
|
Definitive
share certificates are despatched to certificated
Shareholders
|
Week
beginning 20 May
|
Note: All
references to time are to UK time. Each of the times and dates in
the above expected timetable (other than in relation to the
adjourned Class Meetings) may be extended or brought forward. If
any of the above times or dates change, such if any of the meetings
need to be adjourned, the revised time(s) and/or date(s) will be
notified to Shareholders by an announcement through a Regulatory
Information Service.
The
Company expects to make further announcements in due
course.
Defined
terms used in this announcement have the meanings given in the
circular published by the Company on 15
February 2024, unless the context otherwise
requires.
Enquiries:
|
Invesco
Asset Management Limited
|
+44 (0) 20
7543 3559
|
|
James
Poole, Company Secretary
|
|
|
|
|
|
Invesco
Fund Managers Limited
|
+44 (0)20
7543 3500
|
|
Will
Ellis
|
|
|
John
Armstrong-Denby
|
|
|
|
|
|
Winterflood
Securities Limited
|
+44 (0) 20
3100 0000
|
|
Neil
Morgan
|
|
|
Darren
Willis
|
|
|
|
|
|
Cavendish
Capital Markets Limited
|
+44 (0) 20
7397 8900
|
|
James
King
|
|
|
Will
Talkington
|
|