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28 Jun 2012 09:23
RENTOKIL INITIAL plc
(the "Company")
Notification of Transactions by Directors and PDMRs
The Rentokil Initial plc Performance Share Plan 2006 ("the PSP Plan")
Rentokil Initial plc announces that the performance conditions attached to Performance share awards granted under the PSP Plan to the directors of the Company on 12 June 2009 have not been satisfied and the following awards have now lapsed as set out below:
Director | Target no. 2009 PSP awards lapsed | Maximum no. 2009 PSP awards lapsed* |
Alan Brown | 1,072,046 | 2,144,092 |
Andy Ransom | 518,732 | 1,037,464 |
Martin Sawkins | 253,602 | 507,205 |
Peter Slator | 345,821 | 691,643 |
Following the lapse of the above share awards under the PSP Plan these directors maintain the following beneficial interests in the issued share capital of the Company:
Target award | Maximum award* | Type of award | |
Alan Brown | 1,118,460 | 1,864,101 | Performance share plan award 2012 |
1,013,072 | 1,688,453 | Performance share plan award 2011 | |
744,000 | 1,240,000 | Performance share plan award 2010 | |
2,875,532 | 4,792,554 | ||
n/a | 11,250,000 | Share Incentive plan 2008** |
| Target award | Maximum award* | Type of award | |
Andy Ransom | 541,190 | 1,082,380 | Performance share plan award 2012
| |
490,197 | 980,394 | Performance share plan award 2011 | ||
360,000 | 720,000 | Performance share plan award 2010 | ||
1,391,387 | 2,782,774 | |||
| n/a | 11,250,000 | Share Incentive plan 2008** | |
| Target award | Maximum award* | Type of award | |
Martin Sawkins | 296,752 | 445,128 | Performance share plan award 2012
| |
345,589 | 518,384 | Performance share plan award 2011
| ||
188,000 | 376,000 | Performance share plan award 2010
| ||
830,341 | 1,339,512 | |||
| Target award | Maximum award* | Type of award | ||
Peter Slator | 414,912 | 622,368 | Performance share plan award 2012
| ||
441,177 | 661,766 | Performance share plan award 2011
| |||
240,000 | 480,000 | Performance share plan award 2010
| |||
1,096,089
|
1,764,134
| ||||
\* The maximum performance share plan vesting is only applicable in the event of upper quartile TSR performance and maximum annual bonus outperformance for participants for the three year performance measurement period.
*\* The maximum Share Incentive Plan 2008 vesting is only applicable if the Rentokil Initial plc share price achieves an averaged level of £2.80 by May 2013.
This notification relates to transactions notified in accordance with both Disclosure Rule 3.1.4R (1) (a) and Disclosure Rule 3.1.4R (1) (c)
Contact: Paul Griffiths
Company Secretary
28 June 2012
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