IVPH Inv.Perp.Sel Hd

 
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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 
 
15 November 2011: 
 
All of the resolutions put to shareholders at the Meeting were passed by show 
of hands. 
 
Proxy votes lodged with the Registrar in respect of each resolution were as 
follows: 
 
         Resolution           Votes For       Votes Against      Votes Withheld 
 
                    (including votes at 
 
                      the discretion of 
 
                          the Chairman) 
 
Ordinary resolutions: 
 
                 1.          22,164,291                   -                   - 
 
                 2.          22,124,286              29,729              10,274 
 
                 3.          22,163,678                 612                   - 
 
                 4.          22,164,291                   -                   - 
 
                 5.          22,164,291                   -                   - 
 
                 6.          22,157,143               7,147                   - 
 
Special resolutions: 
 
                 7.          22,153,049               7,147               4,094 
 
                 8.          22,146,352               7,799              10,139 
 
                 9.          22,147,908              16,382                   - 
 
Total Voting Rights were 93,019,402. 
 
The full text of the resolutions passed was as follows: 
 
Ordinary Resolutions: 
 
The following Ordinary Resolutions were passed at the Annual General Meeting 
held on 15 November 2011: 
 
1. To receive and adopt the Report of the Directors and Financial Statements 
for the year ended 31 May 2011. 
 
2. To approve the Directors' Remuneration Report. 
 
3. To re-elect Sir Michael Bunbury a Director of the Company. 
 
4. To re-elect David Rosier a Director of the Company. 
 
5. To re-appoint Ernst & Young LLP as Auditor to the Company and authorise the 
Directors to determine their remuneration. 
 
6. 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 Shares, GBP 
1,000,000 of Hedge Fund 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 15 November 2011: 
 
7. 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, Hedge Fund and Managed Liquidity) for cash, 
either pursuant to the authority given by resolution 6 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 GBP39,510 of UK Equity Shares, GBP 
31,785 of Global Equity Shares, GBP10,597 of Hedge Fund Shares and GBP8,182 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. 
 
8. 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, Hedge Fund 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 15 November 2011, the 
date of the Annual General Meeting (equivalent, at 27 September 2011, to 
5,922,606 UK Equity Shares, 4,764,667 Global Equity Shares, 1,588,611 Hedge 
Fund Shares and 1,226,539 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. 
 
9. THAT: 
 
the period of notice required for general meetings of the Company (other than 
AGMs) shall be not less than 14 days'. 
 
Invesco Asset Management Limited 
 
Contact: Paul Griggs 
 
Andrew Watkins 
 
020 7065 4000 
 
15 November 2011 
 
 
 
END 
 

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