IVPH Inv.Perp.Sel Hd

 
TIDMIVPG TIDMIVPH TIDMIVPU TIDMIVPM 
 
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 or deemed to have been received in 
respect of: 
 
        140,205 UK Equity Shares 
 
         60,721 Global Equity Shares 
 
        640,262 Elected Hedge Fund Shares 
 
      1,521,638 Managed Liquidity Shares 
 
The respective Conversion Ratios were as follows: 
 
  * For every UK Equity Share converted, holders will receive 0.81754 Global 
    Equity Shares, 0.86129 Hedge Fund Shares or 0.94733 Managed Liquidity 
    Shares; 
 
  * For every Global Equity Share converted, holders will receive 1.22318 UK 
    Equity Shares, 1.05352 Hedge Fund Shares or 1.15876 Managed Liquidity 
    Shares; 
 
  * For every Elected Hedge Fund Share converted, holders will receive 1.16105 
    UK Equity Shares, 0.94920 Global Equity Shares or 1.09990 Managed Liquidity 
    Shares; 
 
  * For every Managed Liquidity Share converted, holders will receive 1.05560 
    UK Equity Shares, 0.86299 Global Equity Shares or 0.90917 Hedge Fund 
    Shares. 
 
The Conversion Ratios are based on the relative net asset values of the 
Company's Share classes as at close of business on 22 October 2010, adjusted 
(in the case of UK Equity and Global Equity Shares) for the dividends declared 
on 21 October 2010. 
 
 
 
Individual Shareholders' entitlements on conversion 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 21 October 
2010 in respect of the UK Equity and Global Equity Shares. 
 
The net changes to the number of shares outstanding following the conversion 
and allotments are as follows: 
 
        923,756 UK Equity Shares 
 
        741,110 Global Equity Shares 
 
       -566,799 Hedge Fund Shares 
 
     -1,110,451 Managed Liquidity Shares 
 
        126,406 Deferred Shares 
 
Following the conversion, the total number of listed Shares in issue (excluding 
shares held in treasury) will be: 
 
 
 
      39,172,957 UK Equity Shares 
 
      32,944,274 Global Equity Shares 
 
      12,599,287 Hedge Fund Shares; and 
 
      10,353,029 Managed Liquidity Shares 
 
 
 
The Company has applied for following numbers of Shares arising or allotted 
pursuant to conversion (other than the Deferred Shares) to be admitted to the 
Official List and to trading on the London Stock Exchange. Dealings in such 
shares are expected to commence at 8.00 a.m. on 1 November 2010.  It is 
expected that Certificates in respect of the Resulting Shares will be posted by 
9 November 2010. 
 
       1,063,961 UK Equity Shares 
 
         801,831 Global Equity Shares 
 
          73,463 Hedge Fund Shares; and 
 
         411,187 Managed Liquidity Shares 
 
The Deferred Shares, which have negligible economic value, will be purchased by 
the Company for a nominal sum and cancelled. 
 
29 October 2010 
 
Contact: Angus Pottinger 020 7065 3714 
 
 
 
END 
 

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