After completing the sale of its rail business to Siemens earlier this month, Invensys (ISYS) has set about sharing its £1.7bn windfall with shareholders. They’ll receive £625m, or 76.7p per share, with all the usual options - capital, income, or deferred capital to the next tax year - so there's a degree of form filling to be done here.
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Paperwork needs to be in by 4.30pm on 11 June and cheques will be in the post on 3 July. An accompanying share consolidation means shareholders will receive four new shares in exchange for every five currently held. There'll be an increase in the final dividend, too, from 2.85p to 3.57p so investors don’t lose out.
