Rentokil Initial Regulatory News (RTO)

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

Rentokil Initial plc

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act 2006.

Pursuant to (i) and (iii) above

3. Name of person discharging managerial responsibilities/director

i) Andy Ransom (Director)

ii) Jeremy Townsend (Director)

iii) John Myers (PDMR)

iv) Stewart Power (PDMR)

v) Martin Sawkins (PDMR)

vi) Phill Wood (PDMR)

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Not applicable

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Pursuant to 3. above

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of 1 pence each

7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Not applicable

8 State the nature of the transaction

Awards under the Performance Share Plan - 2014 award

9. Number of shares, debentures or financial instruments relating to shares acquired

Not applicable

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

Not applicable

11. Number of shares, debentures or financial instruments relating to shares disposed

Not applicable

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

Not applicable

13. Price per share or value of transaction

Not applicable

14. Date and place of transaction

Not applicable

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

Not applicable

16. Date issuer informed of transaction

Not applicable

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

31 March 2014 - Performance Share Plan award

18. Period during which or date on which it can be exercised

01 April 2017 to 31 March 2024 (subject to performance conditions)

19. Total amount paid (if any) for grant of the option

Nil

20. Description of shares or debentures involved (class and number)

Ordinary shares of 1 pence each

Two thirds of the award relates to relative TSR performance targets and one third to EPS performance targets.

* The awards to Andy Ransom and Jeremy Townsend are subject to a performance modifier and maximum vesting is only applicable in the event of maximum annual bonus outperformance for the three year performance measurement period.

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

Nil

22. Total number of shares or debentures over which options held following notification

** Vested and unexercised.

Awards granted in 2010 lapsed on 28 June 2013.

23. Any additional information

Not applicable

24. Name of contact and telephone number for queries

Paul Griffiths, Company Secretary - +44 (0)1276 607444

25. Name of authorised official of issuer responsible for making notification and date of notification

Paul Griffiths - 01 April 2014