Sign In
Last checked at 
23 May 2014 17:03
ο»Ώ
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.
Β
(1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
(2) | An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
(3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
(4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Β
Please complete all relevant boxes in block capital letters.
Β
1. Name of the issuer
Β
Rentokil Initial plc
Β
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.
Β
Pursuant to (i) and (iii) above
Β
3. Name of person discharging managerial responsibilities/director
Β
i) John McAdam (Director)
ii) Andy Ransom (Director)
Β
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
Β
Not applicable
Β
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
Β
Pursuant to 3. above
Β
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Β
Ordinary shares of 1 pence each
Β
7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Β
Ordinary shares | SIP 2008 Vested shares | ||
i) | John McAdam | 20,800 | 2,667,318** |
ii) | Andy Ransom* | 52,000 | 2,667,318** |
Β
* Andy Ransom also has interests in Performance Share Plan Awards which are listed below at note 22.
** Nil cost options
Β
8. State the nature of the transaction
Β
Exercise of option for vested shares under the 2008 Share Incentive Plan.
Allotment and sale of part to satisfy tax liability.
Β
9. Number of shares, debentures or financial instruments relating to shares acquired
Β
i) | John McAdam | 2,667,318 ordinary shares of 1p each |
ii) | Andy Ransom | 2,667,318 ordinary shares of 1p each |
Β
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
Β
i) | John McAdam | 0.147% |
ii) | Andy Ransom | 0.147% |
Β
Β
11. Number of shares, debentures or financial instruments relating to shares disposed
Β
Shares disposed to meet tax liability | Sale price | ||
i) | John McAdam | 1,203,294 ordinary shares of 1p each | 118.7037p |
ii) | Andy Ransom | 1,256,774 ordinary shares of 1p each | 118.7037p |
Β
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)Β
Β
i) | John McAdam | 0.0662% (sale price of shares disposed in item 11 above) |
ii) | Andy Ransom | 0.0691% (sale price of shares disposed in item 11 above) |
Β
13. Price per share or value of transaction
Β
118.7037p
Β
14. Date and place of transaction
Β
23 May 2014, London
Β
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Β
Β
i) | John McAdam | 1,484,824 | ordinary shares of 1p each | 0.0816% |
ii) | Andy Ransom | 1,462,544 | ordinary shares of 1p each | 0.0805% |
Β
16. Date issuer informed of transaction
Β
22 May 2014 - Exercise of options
Β
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
Β
17. Date of grant
Β
N/A
Β
18. Period during which or date on which it can be exercised
Β
N/A
Β
19. Total amount paid (if any) for grant of the option
Β
N/A
Β
Β
20. Description of shares or debentures involved (class and number)
Β
N/A
Β
Β
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Β
N/A
Β
22. Total number of shares or debentures over which options held following notification
Β
Target award | Maximum award | Type of award | |
John McAdam | n/a | nil | None |
Target award | Maximum award | Type of award | |
Andy Ransom | 680,713 | 1,134,522 | Performance share plan 2014 |
275,229 | 458,715 | Supplementary performance share plan 2013 | |
551,318 | 937,500 | Performance share plan 2013 | |
541,190 | 1,082,380 | Performance share plan 2012 | |
490,197 | 980,394 | Performance share plan 2011 | |
2,538,647 | 4,593,512 |
Β
Β
23. Any additional information
n/a
Β
24. Name of contact and telephone number for queries
Β
Paul Griffiths, Company Secretary - +44 (0)1276 607444
Β
Β
25. Name of authorised official of issuer responsible for making notification and date of notification
Β
Paul Griffiths - 23 May 2014
Β
Follow the stocks
