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18 April 2013
Further update on the disposal of Invensys Rail
Further to the update on the disposal of Invensys Rail issued on 19 December 2012, Invensys plc announces that it has been informed by Siemens AG that all the necessary anti-trust clearances and consents have now been received. The disposal of Invensys Rail to Siemens AG for £1,742 million remains subject to customary closing mechanics and completion is expected to take place on 2 May 2013.
In relation to the return of £625 million of cash to shareholders (around 76 pence per share), a circular to shareholders containing details of the return of cash is planned to be issued as soon as practicable after the announcement of the Group's full year results on 16 May 2013. The return of cash is subject to the approval of Invensys Shareholders at a General Meeting which is expected to take place in June 2013.
Contact:
Invensys plc Steve Devany tel: +44 (0) 20 3155 1301
Annabel Michie tel: +44 (0) 20 3155 1303
FTI Consulting Andrew Lorenz
Richard Mountain tel: +44 (0) 20 7269 7291
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCEALLPFLFDEFF