Invesco Asia Trust PLC
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE
REPUBLIC OF IRELAND
Result of Tender Offer
Further to the announcement of the proposed Tender Offer on 2 July 2013, the
Board of Invesco Asia Trust PLC (the "Company") announces that the Tender Offer
for up to 15 per cent. of the Shares in issue closed at 1.00 p.m. on 30 July
2013.
A total of 65,048,082 Shares (being 61.4 per cent. of the Company's Shares in
issue as at 3 May 2013) were validly tendered under the Tender Offer. As a
result, the Tender Offer was oversubscribed. The Basic Entitlement of all
Shareholders who have validly tendered their Shares will be accepted in full
and excess tenders will be satisfied to the extent of approximately 5.96 per
cent. of the excess Shares tendered.
Subject to Shareholder consent being obtained at the General Meeting on 8
August 2013, a total of 15,886,669 Shares will be repurchased by the Company
under the Tender Offer and cancelled.
It is expected that cheques will be despatched and CREST accounts will be
credited with proceeds in respect of successfully tendered Shares and with
unsold uncertificated Shares on 12 August 2013 and that the balancing Share
certificates and TFE messages in respect of any unpurchased tendered Shares
will be despatched during the week commencing 19 August 2013.
Following the implementation of the Tender Offer the Company will have
90,025,017 Shares in issue (excluding 3,277,224 Shares held in Treasury).
Accordingly, 90,025,017 Shares may be used by Shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interests in, the Company under
the FCA's Disclosure and Transparency Rules.
The result of the General Meeting and details of the Tender Price will be
announced on 8 August 2013.
Terms used and not defined in this announcement bear the meaning given to them
in the Circular published by the Company dated 2 July 2013.
Enquiries:
Invesco Asset Management Limited
Kelly Nice
Andrew Watkins
020 7065 3555
Westhouse Securities Limited
Alastair Moreton
Hannah Young
Darren Vickers
020 7601 6118
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