Shareholders Approve Name Change From BTR Siebe

19 April 1999

Shareholders Approve Name Change From BTR Siebe

    LONDON--April 19, 1999--United Kingdom-based BTR Siebe plc announced that at a poll held on Friday at an Extraordinary General Meeting, shareholders overwhelmingly voted in favor of a resolution to change the name of the group to Invensys plc. A total of 1,085,672,466 votes were in favor, which represented 98.75% of the votes cast.
    An international advertising campaign to generate awareness of the new name was launched in the media this weekend. The change of name will become effective immediately and the new identity will, in due course, be adopted across the group.
    Commenting on the EGM result, Lord Marshall, Chairman of Invensys plc, said:
    "I am delighted by such a strong level of shareholder support for the group's new name. Invensys is a leading global electronics and engineering corporation and the new name is suggestive of the three keys to our future success: invention, innovation and systems solutions for our customers."
    From April 19 the London Stock Exchange symbol will be ISYS and the US ADR symbol will remain as BTSBY for the moment. The web site address is www.invensys.com
    Invensys plc is a world class automation and controls group created by the merger of BTR plc and Siebe plc on February 4, 1999. Operating globally through over 500 companies and employing 125,000 people, Invensys is Britain's largest electronics and engineering group. Over 75% of the Group's business is controls and automation based, with products ranging from advanced computer systems for automating industrial plants and controlling the environments of buildings, to electronic devices found in many domestic and commercial appliances.