CONTAINS INSIDE INFORMATION AND THE PERSON RESPONSIBLE FOR MAKING THIS ANNOUNCEMENT IS RACHEL CANHAM, GROUP GENERAL COUNSEL, RENTOKIL INITIAL PLC.
Rentokil Initial plc (the "Company")
21 April 2023
Notification of transactions by persons discharging managerial responsibilities (PDMRs)
The Company announces that Andy Ransom, Chief Executive, has sold 1,025,000 ordinary shares in the Company which, after payment of tax, will be used to fund a property purchase.
Andy has not previously sold any of his shareholding in the Company in the 15 years since becoming a Director of the Company (save to pay income tax and National Insurance on vesting performance shares) and following this transaction, he retains a beneficial holding of over 6 million ordinary shares held directly or under his vested but unexercised Performance Share Plan and Deferred Bonus Plan awards (including those subject to a holding period).
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
| Sale of shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Total price
|
1,025,000
£6,344,580.88 | ||||
| e)
| Date of the transaction
| 21 April 2023 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Enquiries:
| Peter Russell, Head of Investor Relations | Rentokil Initial plc | +44 (0)7795 166506 |
| Malcolm Padley, Communications Director | Rentokil Initial plc | +44 (0)7788 978199 |
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