INVESCO Income Growth Trust plc
HEADLINE: Notice to be served for the Conversion of the 4.75% Subordinated
Convertible Unsecured Loan Stock 2009 (the `Stock')
The average middle market quotation for an Ordinary Share of the Company on the
London Stock Exchange (calculated by reference to the London Stock Exchange
Daily Official List) for 20 dealing days during the period of 30 dealing days
ending on 10 October 2006 was greater than 130% of the Conversion Price
prevailing as at 10 October 2006. 130% of the prevailing Conversion price as at
10 October 2006 was 211.90p and the average middle market quotation for an
Ordinary Share of the Company for the 20 days ending on 10 October 2006 was
211.93p. The middle market quotation for an Ordinary Share of the Company as at
18 October 2006 was 219.75p.
Pursuant to the trust deed constituting the Stock (the `Trust Deed'), if the
condition above is satisfied, the Company may serve notice on Stockholders to
convert their holdings wholly or in part. The Board of the Company have
therefore resolved to serve notice on Stockholders to convert their holdings
wholly or in part. In accordance with the Trust Deed, this Notice will be
served within six weeks from 10 October 2006.
Interest accrued on the Stock, for those choosing to convert, will cease as at
30 September 2006. The next quarterly dividend to which the converting
Stockholders will be entitled, as ordinary shareholders, will be the one due to
be paid in March 2007 for the period 1 October 2006 to 31 December 2006.
Any Stock remaining unconverted following the conclusion of the notice period
will be redeemed by the Company at its nominal amount together with interest
accrued up to and including the date of redemption.
INVESCO Asset Management Limited
20 October 2006