Redemption of Ord Shares and New Borrowing Facility


 
TIDMIEI 
 
Invesco English and International Trust plc 
 
HEADLINE: Redemption of Ordinary Shares and Update on New Borrowing Facility 
 
The Board of Invesco English and International Trust plc (the `Company') 
announces that valid redemption requests have been received in respect of 
640,715 shares, representing approximately 2.8% of the Company's issued share 
capital, and that it has redeemed such number of shares on 21 October 2009. 
 
The Board has resolved to redeem these shares by reference to the Dealing Value 
as at close of business on 20 October 2009. The Redemption Price (after 
deduction of the 2% Exit Charge) is 239.08p per share. Payment in respect of 
shares redeemed is expected to be made in the week commencing 26 October 2009. 
 
In deciding which method to use to meet redemption requests the Board takes 
into account a number of factors, which may include: the size of aggregate 
redemptions requests relative to the company's assets; the advice of the 
manager on the volatility and liquidity in the market generally and, 
specifically, in the investments held in the company's portfolio; and the level 
of the company's net gearing. Each quarterly redemption will be considered 
carefully in the prevailing circumstances at the time. Notwithstanding this the 
Directors retain absolute discretion to determine whether redemption requests 
should be accepted and the method by which redemptions are to be satisfied. 
 
Following the redemption, the number of ordinary shares of 25p each remaining 
in issue (excluding the 2,100,000 shares held in Treasury) will be 21,922,392. 
 
Update on Borrowing Facility 
 
The Board has agreed a new revolving credit facility for the Company with The 
Bank of New York Mellon under which the Company may borrow up to a maximum of GBP 
6 million for gearing purposes. The Company is not currently geared but it 
remains the Board's policy that the Company may employ gearing in appropriate 
circumstances. 
 
21 October 2009 
 
Invesco Asset Management Limited 
 
Secretary 
 
Enquiries: 
 
Invesco Asset Management Ltd 
 
Graeme Proudfoot 
 
Angus Pottinger 
 
Tel: 020 7065 4000 
 
 
 
END

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