Perpetual Inc&Growth Statement re Scheme Entitlements

 
TIDMPLI 
 
17 November 2020 
 
        PERPETUAL INCOME & GROWTH INVESTMENT TRUST PLC (the "Company") 
 
                              Scheme Entitlements 
 
Following the passing of the special resolutions put forward at the Company's 
First General Meeting and Second General Meeting, the Board of the Company is 
pleased to announce that as at the Calculation Date and calculated in 
accordance with the terms of the Scheme as set out in the circular published by 
the Company dated 12 October 2020 (the "Circular"): 
 
  * the PLI FAV per Share is 249.716012 pence (being the amount per Share for 
    those PLI Shareholders having elected, or deemed to have elected, for the 
    Rollover Option); 
 
  * the MUT FAV per Share is 838.739173 pence (being the amount per MUT Share 
    used in determining the number of New MUT Shares to be issued to those PLI 
    Shareholders having elected, or deemed to have elected, for the Rollover 
    Option); 
 
  * the conversion ratio is 0.297728 New MUT Shares for each Share elected, or 
    deemed to have elected, for the Rollover Option; and 
 
  * the Cash NAV per Share is 243.504171 pence (being the amount per Share for 
    those PLI Shareholders having elected, or deemed to have elected, for the 
    Cash Option). 
 
Accordingly, for Shareholders that elected, or are deemed to have elected, for 
the Rollover Option: 
 
  * each Share with "A" Rights will roll over into approximately 0.297728 New 
    MUT Shares. 
 
And for Shareholders that elected, or are deemed to have elected, for the Cash 
Option: 
 
  * each Share with "B" Rights will entitle the holder to 243.504171 pence in 
    cash. 
 
Application has been made by Murray Income Trust plc to the Financial Conduct 
Authority and the London Stock Exchange for the listing and admission to 
trading of the New MUT Shares to be effective at 8.00 a.m. on 18 November 2020. 
 
Terms used and not defined in this announcement have the meanings given in the 
Circular unless the context otherwise requires. 
 
Contacts 
 
Winterflood Investment Trusts (Corporate Broker) 
Neil Morgan 
Telephone [phone] 
 
Invesco Fund Managers Limited 
Angus Pottinger 
Telephone [phone] 
 
Liquidators 
Gareth Rutt Morris 
Andrew Martin Sheridan 
Telephone [phone] 
 
Note: The content of the Company's web-pages and the content of any website or 
pages which may be accessed through hyperlinks on the Company's web-pages, 
other than the content of the document referred to above, is neither 
incorporated into nor forms part of the above announcement. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 17, 2020 07:00 ET (12:00 GMT)