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INVENSYS PLC
("the Company")
Transactions by persons discharging managerial responsibilities and their connected persons in accordance with DTR 3.1.4R(1)(a)
Invensys plc notifies that 234,091 ordinary shares of 10p each (229,793 Shares and 4,298 further Shares representing notional dividend reinvestment) ("the Shares") were released to Ulf C I Henriksson, a director of the Company, on 10 August 2010, following vesting (on 9 August 2010) of an award granted under the Invensys 2007 Long Term Incentive Plan on 9 August 2007 ("the Award").
The performance test for the Award measured performance over the three-year period to 31 March 2010. For 50% of the Award the performance condition related to the Company's TSR performance relative to the constituents of the Standard & Poor's Global 1200 Capital Goods Index. For the remaining 50% of the Award the performance condition related to the CAGR of the Company's EPS.
With regards to the TSR part of the Award (50%), the Remuneration Committee has considered the Company's comparative TSR analysis (provided by an independent third party) and determined that all of the Shares subject to the TSR performance condition will be available to vest.
With regard to the EPS part of the Award (50%), after considering the 2009/10 audited financial results, the Remuneration Committee has determined that the threshold level of EPS CAGR required for vesting was not achieved and the Shares subject to the EPS performance condition have, as a result, lapsed.
On 10 August 2010, Mr Henriksson sold 119,746 Shares at £2.597371 per Share to meet his tax withholding liabilities.
Following these transactions Mr Henriksson's total holding is 1,590,343 Shares (representing 0.19% of the issued share capital).
Name of contact and telephone number for queries: Steve Devany, Vice President - Communications 020 7821 3758
Name of Company Official responsible for making notification: Kelly Newman, Company Secretarial Assistant.
Date of notification: 10 August 2010
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