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Transactions by persons discharging managerial responsibilities and their connected persons in accordance with DTR 3.1.4R(1)(a)
RELEASE OF SHARES PURSUANT TO THE INVENSYS PLC RESTRICTED SHARE PLAN
Invensys plc ("the Company") notifies that 25,142 ordinary shares of 10p each in the share capital of the Company ("Shares") have been released to Wayne Edmunds, a PDMR, on 30 November 2009, following the vesting of the first tranche of shares of an award granted under the Restricted Share Plan (RSP) on 27 November 2008. Mr Edmunds is not required to make any payment for these Shares.
The original award was granted over a maximum of 50,000 Shares and, in accordance with the rules of the RSP, has been adjusted to reflect the reinvestment of the net dividend paid from the date of grant to the vesting date for the number of shares under the award, calculated using the average closing prices of the Shares on the London Stock Exchange on the five business days immediately preceding the date the relevant dividend was paid. The Shares released on 30 November 2009 include 142 dividend adjustment shares. The balance of Shares are currently in a one year retention period and will be eligible for release on or around 27 November 2010.
On 30 November 2009, 6,848 Shares were sold at 282.40p per Share to meet Mr Edmunds tax liabilities on the Shares which were released.
Following these transactions Mr Edmunds' total holding is 18,294 Shares (representing 0.002 % of the issued ordinary share capital of the Company).
Name of contact and telephone number for queries: Steve Devany, Head of Corporate Communications 020 7821 3758
Name of Company Official responsible for making notification: Kelly Newman, Secretarial Assistant
Date of notification: 30 November 2009
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSWUGMUGUPBGMU