Rentokil Initial plc (the "Company")
14 March 2024
Notification of transactions by persons discharging managerial responsibilities (PDMRs)
Rentokil Initial plc (the "Company") hereby announces that Andy Ransom, Chief Executive, has exercised his award of 986,515 ordinary shares granted under the Company Performance Share Plan (PSP) in March 2014.
The award, which vested in March 2017, would lapse this month if it remained unexercised. 464,245 of these shares have been sold to cover the tax and national insurance liability on the award at a share price of 489.07p per share, with the balance being retained.
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Andy Ransom | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Executive | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Rentokil Initial plc | ||||
| b)
| LEI
| 549300VN4WV7Z6T14K68 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
| a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN: GB00B082RF11
| ||||
| b)
| Nature of the transaction
| Exercise of award made under the 2014 Performance Share Plan (PSP) | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
986,515 shares
-
| ||||
| e)
| Date of the transaction
| 13 March 2024 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
| Name
| Andy Ransom
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Executive | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a)
| Name
| Rentokil Initial plc | ||||
| b)
| LEI
| 549300VN4WV7Z6T14K68 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN: GB00B082RF11 | ||||
| b)
| Nature of the transaction
| Sale of shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
464,245
£2,270,483.02 | ||||
| e)
| Date of the transaction
| 13 March 2024 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Enquiries:
| Catherine Stead, Company Secretary | Rentokil Initial plc | +44 (0)7826 533700 |
| Malcolm Padley, Communications Director | Rentokil Initial plc | +44 (0)7788 978199 |
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