Invesco Perpetual Select Trust plc - UK Equity Share Portfolio (LSE:IVPU) commences commences share repurchases on January 12, 2021, under the program mandated by the shareholders in the Annual General Meeting held on January 7, 2021. As per the mandate, the company is authorized to repurchase up to 669,978 Balanced Risk Allocation Shares, 4,086,531 UK Equity Shares and 3,838,492 Global Equity Income Shares, representing 14.99% of each of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 5% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System.The authority shall expire at the conclusion of the next Annual General Meeting 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.