20 Dec 2013 07:00
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20 December 2013
Acquisition
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Rentokil Initial plc (FTSE: RTO) has today agreed to acquire the pest control division of Green Compliance Plc (the Business) for a total consideration of Β£4.0m in cash: Β£3.25m in initial consideration, with a further Β£0.75m payable over 12 months in line with normal contractual protections and the achievement of certain operational targets. The Business had audited revenues ofΒ Β£5.0m for the year ended 31 March 2013. The transaction is anticipated to complete on 31 December 2013.
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Ends
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About Rentokil Initial plc
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Rentokil Initial is one of the largest business services companies in the world operating in Europe, the Americas, Asia Pacific, Middle East and Africa. It employs some 50,000 colleagues providing a range of services including pest control, hygiene, workwear, plants and facilities.
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www.rentokil-initial.com
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Enquiries:
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Investors / Analysts enquiries:
Katharine Rycroft, Head of Investor Relations Rentokil Initial plc 01293 858 166
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Media enquiries:
Malcolm Padley, Corporate Communications Rentokil Initial plc 07788 978 199
Justine McIlroy / Oliver Hughes Brunswick Group 020 7404 5959
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