RNS Number : 4370HInvensys PLC19 June 2013Invensys plc
("the Company")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons
1) Share Consolidation - Holdings in ordinary Shares
Invensys plc announces, as at 17 June 2013, the following holdings of ordinary shares in the share capital of the Company ("the Shares") following the consolidation of 4 new ordinary shares in substitution for every 5 existing ordinary shares ("the Share Consolidation") which took place on 12 June 2013:
1. Name of director / Person Discharging Managerial Responsibility (PDMR)
2. Name of Registered Shareholder
3. Total holding of Shares prior to the Share Consolidation
4. Percentage of issued share capital prior to the Share Consolidation
5. Total holding of Shares following the Share Consolidation
6. Total percentage of issued share capital following the Share Consolidation
Directors
Francesco Caio
Director named in column 1
5,812
0.000712
4,649
0.000710
Wayne Edmunds
Morstan Nominees Limited
89,180
0.010932
71,344
0.010898
Bay Green
Rathbones Nominees Limited
20,940
0.002567
16,752
0.002559
Victoria Hull
Barclays Nominees Limited
141,902
0.017395
113,521
0.017341
Morstan Nominees Limited
75,502
0.009255
60,401
0.009227
Paul Lester
Pershing Nominees Limited (PICLT)*
4,904
0.000601
3,923
0.000599
Deena Mattar
Rock Nominees Limited
3,489
0.000428
2,791
0.000426
Mike Parker
Director named in column 1
12,175
0.001492
9,740
0.001488
Dr Martin Read
Director named in column 1
6,119
0.000750
4,895
0.000748
Sir Nigel Rudd
Director named in column 1
7,014
0.000860
5,611
0.000857
TD Wealth Institutional Nominees (UK) Limited**
10,300
0.001263
8,240
0.001259
David Thomas
Director named in column 1
33,498
0.004106
26,798
0.004094
Director named in column 1***
6,090
0.000747
4,872
0.000744
Morstan Nominees Limited
336,442
0.041242
269,153
0.041115
Pat Zito
Director named in column 1
17,513
0.002147
14,010
0.002140
Family Trust
6,430
0.000788
5,144
0.000786
*Notification includes 3,718 shares (pre Share Consolidation) and 2,975 shares (post Share Consolidation) held for the benefit of the spouse of the Director named in column 1, Mrs Lester.
**Notification is in respect of a holding for the joint benefit of the Director named in column 1 above and his spouse, Lady Rudd.
***Notification is in respect of a holding for the joint benefit of the Director named in column 1 above and his spouse, Ms Schmiegelow.
1. Name of director / Person Discharging Managerial Responsibility (PDMR)
2. Name of Registered Shareholder
3. Total holding of Shares prior to the Share Consolidation
4. Percentage of issued share capital prior to the Share Consolidation
5. Total holding of Shares following the Share Consolidation
6. Total percentage of issued share capital following the Share Consolidation
PDMRs
Mark Balcunas
Morstan Nominees Limited
151,915
0.018622
121,532
0.018565
JPMorgan Cazenove Limited
2,784
0.000341
2,227
0.000340
Michael Caliel
Kanaly Trust
4,060
0.000498
3,248
0.000496
Robert Rennie
PDMR named in column 1
26,154
0.003206
20,923
0.003196
Morstan Nominees Limited
201
0.000024
161
0.000024
The Share Consolidation was approved by Shareholders at the General Meeting held on 10 June 2013. Where the Share Consolidation results in the director or PDMR being entitled to a fraction of a new ordinary Share, such fraction shall, so far as possible, be aggregated with the fractions of new ordinary Shares to which other shareholders of the Company may be entitled and be sold in the market and the proceeds of sale (net of any commissions, dealing costs and administrative expenses) be distributed to the directors in due proportion (save that any fraction of a penny which would otherwise be payable shall be rounded up or down in accordance with the usual practice of the Registrar of the Company).
In addition to the above holdings, Wayne Edmunds holds 89,181 B shares having made a valid election for the Deferred Capital Option offered under the Return of Cash. The B Shares issued to satisfy the Deferred Capital Option are neither transferable nor tradable. They are expected to be redeemed by the Company for 76.7 pence between 7 April 2014 and 14 April 2014 and thereupon cancelled.
As explained in the Circular to Shareholders dated 21 May 2013, participants in the Invensys Employee Share Schemes (as defined therein) were not entitled to participate in the Return of Cash. As the effect of the Share Consolidation should be to preserve the prevailing value immediately before the Return of Cash of each Share under option or award, no adjustment has been made to the number of Shares over which participants (including Directors and PDMRs) held options or awards or to any exercise price payable under such options or awards. Details of options and awards held by Directors as at 31 March 2013 are detailed on pages 70 and 71 of the Annual Report and Accounts 2013 sent to shareholders on 12 June 2013.
Name of contact and telephone number for queries: Steve Devany, Head of Corporate Communications 020 3155 1301
Name of Company Official responsible for making notification: Katherine Harris, Company Secretarial Assistant
Date of notification: 19 June 2013
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