Invesco Perpetual Select Trust plc - Balanced Risk Allocation Share Portfolio (LSE:IVPB) commences share repurchases on November 19, 2020, under the program mandated by the shareholders in the Annual General Meeting held on October 6, 2020. As per the mandate, the company is authorized to repurchase up to 784,505 shares, representing 14.99% 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. As of May 31, 2020, the company had 5,236,886 ordinary shares in issue and 5,321,218 ordinary shares in treasury.