INVESCO Income Growth Trust plc (`the Company')
HEADLINE: Notice to be served for the Conversion of the 4.75% Subordinated
Convertible Unsecured Loan Stock 2009 (the `Stock')
On 20 October 2006, the Company served notice on Stockholders to convert their
holdings wholly or in part. The notice explained that any Stock remaining
unconverted following the conclusion of the notice period would be redeemed by
the Company at its nominal amount together with interest accrued up to and
including the date of redemption.
The Company is pleased to announce that, a second supplemental trust deed has
been approved, whereby any Stock remaining unconverted, rather than being
redeemed at its nominal amount, be converted by the Trustee on behalf of
Stockholders on the terms on which the Stock could have been converted on the
12 December 2006 (`the conversion date'). The Ordinary Shares acquired as a
result of the conversion shall then be sold and the proceeds of sale will be
distributed by the Trustee pro rata, to Stockholders entitled thereto. Advice
received by the Trustee from the Company's broker confirms that this action is
in the best interests of the Stockholders.
INVESCO Income Growth Trust plc therefore announce that 11,553,011 ordinary
shares of 25p each, which rank pari passu with the existing ordinary shares in
issue, have been allotted following the conversion of £18,831,410 nominal of
the Company's CULS. Following the issuance of these shares there will be
67,589,288 ordinary shares and zero CULS in issue.
Applications have been made to the UK Listing Authority for these shares to be
admitted to listing and to the London Stock Exchange for the shares to be
admitted to trading.
INVESCO Asset Management Limited
18 December 2006