Rentokil Initial plc (the "Company")
23 March 2023
Notification of transactions by persons discharging managerial responsibilities (PDMRs)
Rentokil Initial plc (the "Company") hereby announces that Andy Ransom, Chief Executive, has exercised his awards of 971,802 ordinary shares granted under the Company Performance Share Plan (PSP) in April and October 2013.
The awards, which vested in April and October 2016, would both lapse this year if they remained unexercised. 457,308 of these shares have been sold to cover the tax and national insurance liability on the awards at a share price of 559.8605p per share.
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 awards made under the 2013 Performance Share Plan (PSP) | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
971,802 shares
-
| ||||
| e)
| Date of the transaction
| 22 March 2023 | ||||
| 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
- Total price
|
457,308
£2,560,286.86 | ||||
| e)
| Date of the transaction
| 22 March 2023 | ||||
| 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 |
| Peter Russell, Head of Investor Relations | Rentokil Initial plc | +44 (0)7795 166506 |
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