Invensys plc - Grant of Conditional Share Awards
Following notifications made in accordance with DTR 3.1.4R(1), Invensys plc ("the Company") wishes to notify the following changes in the interests of persons discharging managerial responsibility ("PDMRs") in ordinary shares ("Shares") arising out of the grant of conditional awards of Shares ("Awards") under the 2007 Long Term Incentive Plan.
On 23 May 2008 Awards were granted to the following PDMRs, as set out below. The numbers of Shares stated are the maximum available to each PDMR on satisfaction in full of the performance targets applicable to the Award.
|
Name of PDMR |
Shares under Award |
|
Ulf Henriksson |
503,933 |
|
Steve Hare |
451,696 |
Vesting of the Awards is conditional upon performance conditions (relating, inter alia, to the Company's Total Shareholder Return and the Compound Annual Growth Rate in the Company's Earnings Per Share) to be applied over a three year performance period. Details of the plan were described to shareholders in the 2007 Notice of Annual General Meeting and information of performance conditions for these 2008 awards will be described in the forthcoming Directors' Remuneration Report. Subject to the performance conditions any Shares which vest will be released as soon as possible following 23 May 2011.
Name of contact and telephone number for queries: Steve Devany, Head of Corporate Communications 0207 821 3758
Name of Company Official responsible for making notification: Jessica Wildgoose, Secretarial Assistant
Date of notification: 23 May 2008