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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 25,413 ordinary shares of 10p each in the share capital of the Company ("Shares") have been released to Wayne Edmunds, a PDMR, on 3 December 2010 following the vesting of the second and final 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 3 December 2010 include 413 dividend adjustment shares.
On 3 December 2010, 10,554 Shares were sold at 338.9p per Share to meet Mr Edmunds' tax liabilities on the Shares which were released.
Following these transactions Mr Edmunds' total holding is 33,153 Shares (representing 0.004% of the issued ordinary share capital of the Company).
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: Kelly Bean, Secretarial Assistant
Date of notification: 3 December 2010
This information is provided by RNSThe company news service from the London Stock ExchangeENDRDSUGGAUPUPUGMW