Last checked at 17 Aug 2021 18:09
Rentokil Initial plc (the "Company")
17 August 2021
Notification of transactions by persons discharging managerial responsibilities (PDMRs)
The Company hereby announces that Andy Ransom, Chief Executive, has exercised his award of 163,625 shares granted under the Rentokil Initial plc Performance Share Plan (PSP) in March 2012, with 77,072 of these shares being sold at a share price of 560.01p per share.
These shares are being sold in order to cover the tax and national insurance liability on the 2012 PSP award. The award which vested in March 2015 would lapse within the next seven months if it remained unexercised. Following these transactions he will hold shares directly (excluding other vested, unexercised share awards) worth in excess of 1000% of base salary.
The relevant notification set out below is 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
| Andy Ransom | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive (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 awards made under the 2012 Performance Share Plan (PSP) | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
163,625 shares
-
| ||||
e)
| Date of the transaction
| 16 August 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Andy Ransom
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive (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
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
77,072
£431,610.91 | ||||
e)
| Date of the transaction
| 16 August 2021 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Enquiries:
Daragh Fagan, Company Secretary | Rentokil Initial plc | 07990 561702 |
Malcolm Padley, Communications Director | Rentokil Initial plc | 07788 978199 |