Invesco Perp Sel Tst Result of AGM

 
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Invesco Perpetual Select Trust plc 
 
                                 Result of AGM 
 
Result of the Annual General Meeting of Invesco Perpetual Select Trust plc held 
on 
21 September 2017: 
 
All of the resolutions put to shareholders at the Meeting were passed. 
 
Proxy votes lodged with the Registrar in respect of each resolution (based on 
the net asset values of the respective share classes on 19 September 2017) and 
which constitute the poll results were as follows: 
 
         Resolution           Votes For       Votes Against      Votes Withheld 
                    (including votes at 
                      the discretion of 
                          the Chairman) 
 
Ordinary resolutions: 
 
                 1.          24,680,948                   -                   - 
 
                 2.          24,578,871             101,903                 173 
 
                 3.          24,578,871             101,903                 173 
 
                 4.          24,571,065              93,058              16,824 
 
                 5.          24,587,716              93,058                 173 
 
                 6.          24,587,716              93,058                 173 
 
                 7.          24,587,716              93,058                 173 
 
                 8.          24,578,437              93,058               9,452 
 
                 9.          24,632,508              19,073              29,366 
 
Special resolutions: 
 
                10.          24,609,747              25,010              46,190 
 
                11.          24,614,471              20,286              46,190 
 
                12.          24,634,635              46,312                   - 
 
Total Voting Rights were 149,732,243. 
 
The full text of the resolutions passed is as follows: 
 
Ordinary Resolutions: 
 
The following Ordinary Resolutions were passed at the Annual General Meeting 
held on 21 September 2017: 
 
1.     To receive the Annual Financial Report for the year ended 31 May 2017. 
 
2.     To approve the Directors' Remuneration Policy. 
 
3.     To approve the Annual Statement and Report on Remuneration. 
 
4.     To elect Craig Cleland a Director of the Company. 
 
5.     To re-elect Patrick Gifford a Director of the Company. 
 
6.     To re-elect Sir Michael Bunbury a Director of the Company. 
 
7.     To re-elect Alan Clifton a Director of the Company. 
 
8.     To re-appoint Grant Thornton LLP as Auditor to the Company and authorise 
the Audit Committee to determine the Auditor's remuneration. 
 
9.     THAT: 
 
       the Directors be and they are hereby generally and unconditionally 
authorised, for the purpose of section 551 of the Companies Act 2006 as amended 
from time to time prior to the date of passing this resolution ('2006 Act') to 
exercise all the powers of the Company to allot relevant securities (as defined 
in sections 551(3) and (6) of the 2006 Act) up to an aggregate nominal amount 
equal to GBP1,000,000 of UK Equity Shares, GBP1,000,000 of Global Equity Income 
Shares, GBP1,000,000 of Balanced Risk Shares and GBP1,000,000 of Managed Liquidity 
Shares, provided that this authority shall expire at the conclusion of the next 
AGM of the Company or the date falling fifteen months after the passing of this 
resolution, whichever is the earlier, but so that such authority shall allow 
the Company to make offers or agreements before the expiry of this authority 
which would or might require relevant securities to be allotted after such 
expiry and the Directors may allot relevant securities in pursuance of such 
offers or agreements as if the power conferred hereby had not expired. 
 
Special Resolutions: 
 
The following Special Resolutions were passed at the Annual General Meeting 
held on 21 September 2016: 
 
10.   THAT: 
 
       the Directors be and they are hereby empowered, in accordance with 
sections 570 and 573 of the Companies Act 2006 as amended from time to time 
prior to the date of the passing of this resolution ('2006 Act') to allot 
Shares in each class (UK Equity, Global Equity Income, Balanced Risk and 
Managed Liquidity) for cash, either pursuant to the authority given by 
resolution 9 set out above or (if such allotment constitutes the sale of 
relevant Shares which, immediately before the sale, were held by the Company as 
treasury shares) otherwise, as if section 561 of the 2006 Act did not apply to 
any such allotment, provided that this power shall be limited: 
 
       (a)   to the allotment of Shares in connection with a rights issue in 
favour of all holders of a class of Share where the Shares attributable 
respectively to the interests of all holders of Shares of such class are either 
proportionate (as nearly as may be) to the respective numbers of relevant 
Shares held by them or are otherwise allotted in accordance with the rights 
attaching to such Shares (subject in either case to such exclusions or other 
arrangements as the Directors may deem necessary or expedient in relation to 
fractional entitlements or legal or practical problems under the laws of, or 
the requirements of, any regulatory body or any stock exchange in any territory 
or otherwise); 
 
       (b)   to the allotment (otherwise than pursuant to a rights issue) of 
equity securities up to an aggregate nominal amount of GBP38,009 of UK Equity 
Shares, GBP32,747 of Global Equity Income Shares, GBP7,043 of Balanced Risk Shares 
and GBP5,195 of Managed Liquidity Shares; and 
 
       (c)   to the allotment of equity securities at a price of not less than 
the net asset value per Share as close as practicable to the allotment or sale 
 
       and this power shall expire at the conclusion of the next AGM of the 
Company or the date fifteen months after the passing of this resolution, 
whichever is the earlier, but so that this power shall allow the Company to 
make offers or agreements before the expiry of this power which would or might 
require equity securities to be allotted after such expiry as if the power 
conferred by this resolution had not expired; and so that words and expressions 
defined in or for the purposes of Part 17 of the 2006 Act shall bear the same 
meanings in this resolution. 
 
11.   THAT: 
the Company be generally and subject as hereinafter appears unconditionally 
authorised in accordance with section 701 of the Companies Act 2006 as amended 
from time to time prior to the date of passing this resolution ('2006 Act') to 
make market purchases (within the meaning of section 693(4) of the 2006 Act) of 
its issued Shares in each Share class (UK Equity, Global Equity Income, 
Balanced Risk and Managed Liquidity). 
 
PROVIDED ALWAYS THAT 
 
        (i)     the maximum number of Shares hereby authorised to be purchased 
shall be 14.99% of each class of the Company's share capital at 21 September 
2017, the date of the Annual General Meeting, being 5,614,824 UK Equity Shares, 
4,902,990 Global Equity Income Shares, 1,048,071 Balanced Risk Shares and 
777,439 Managed Liquidity Shares; 
 
       (ii)    the minimum price which may be paid for a Share shall be 1p; 
 
       (iii)    the maximum price which may be paid for a Share in each Share 
class shall be an amount equal to 105% of the average of the middle market 
quotations for a Share taken from and calculated by reference to the London 
Stock Exchange Daily Official List for five business days immediately preceding 
the day on which the Share is purchased; 
 
       (iv)   any purchase of Shares will be made in the market for cash at 
prices below the prevailing net asset value per Share (as determined by the 
Directors); 
 
       (v)    the authority hereby conferred shall expire at the conclusion of 
the next AGM of the Company or, if earlier, on the expiry of 15 months from the 
passing of this resolution unless the authority is renewed at any other general 
meeting prior to such time; and 
 
       (vi)   the Company may make a contract to purchase Shares under the 
authority hereby conferred prior to the expiry of such authority which will be 
executed wholly or partly after the expiration of such authority and may make a 
purchase of Shares pursuant to any such contract. 
 
12.   THAT: 
the period of notice required for general meetings of the Company (other than 
Annual General Meetings) shall be not less than 14 days. 
 
Invesco Asset Management Limited 
Corporate Company Secretary 
21 September 2017 
 
 
 
END 
 

(END) Dow Jones Newswires

September 21, 2017 11:06 ET (15:06 GMT)