Last checked at 4 Aug 2017 11:57
Rentokil Initial plc (the Company)
The Company hereby announces that Jeremy Townsend (a person discharging managerial responsibility) has exercised his award of 464,655 shares granted under the Rentokil Initial plc Performance Share Plan (PSP) in March 2014, with 219,156 of these shares being sold at a share price of 290.9529p to cover his tax and national insurance liability. The balance of 245,499 shares have been transferred to his spouse.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Jeremy Townsend and Deepti Townsend
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Jeremy Townsend - Chief Financial Officer and Chief Information Officer (PDMR) Deepti Townsend - Spouse of PDMR
| ||||
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) and transfer of award, less the number of shares sold to settle tax and national insurance liabilities, to spouse. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
464,655 shares
-
| ||||
e)
| Date of the transaction
| 3 August 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Jeremy Townsend
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer and Chief Information Officer | ||||
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 to cover the tax and national insurance liability arising following the exercise of an award made under the 2014 Performance Share Plan (PSP). | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
219,156
£637,640.74
| ||||
e)
| Date of the transaction
| 3 August 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Enquiries:
Catherine Stead, Assistant Company Secretary Rentokil Initial plc 01276 607444