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23 May 2014 17:03
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.
(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. |
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) John McAdam (Director)
ii) Andy Ransom (Director)
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
Ordinary shares | SIP 2008 Vested shares | ||
i) | John McAdam | 20,800 | 2,667,318** |
ii) | Andy Ransom* | 52,000 | 2,667,318** |
* Andy Ransom also has interests in Performance Share Plan Awards which are listed below at note 22.
** Nil cost options
8. State the nature of the transaction
Exercise of option for vested shares under the 2008 Share Incentive Plan.
Allotment and sale of part to satisfy tax liability.
9. Number of shares, debentures or financial instruments relating to shares acquired
i) | John McAdam | 2,667,318 ordinary shares of 1p each |
ii) | Andy Ransom | 2,667,318 ordinary shares of 1p each |
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
i) | John McAdam | 0.147% |
ii) | Andy Ransom | 0.147% |
11. Number of shares, debentures or financial instruments relating to shares disposed
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 |
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
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) |
13. Price per share or value of transaction
118.7037p
14. Date and place of transaction
23 May 2014, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
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% |
16. Date issuer informed of transaction
22 May 2014 - Exercise of options
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
N/A
18. Period during which or date on which it can be exercised
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved (class and number)
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A
22. Total number of shares or debentures over which options held following notification
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 |
23. Any additional information
n/a
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 - 23 May 2014
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