Rentokil Initial Regulatory News (RTO)

10 Mar 2006 14:14

Rentokil Initial PLC10 March 2006 10 March 2006 Rentokil Initial plc DISPOSAL OF MANNED GUARDING OPERATIONS IN CANADA Rentokil Initial plc ("Rentokil") today announces that it has sold the shares ofits Canadian manned guarding business, Rentokil Initial Canada Limited ("RICL"),to Garda World Security Corporation, a Canadian security services organisation.The total consideration is £30.3 million (C$60.8 million). RICL is a leading provider of manned guarding services with some 4,500 securityofficers serving major cities in the five central and western provinces ofCanada. For the financial year to 31 December 2005 it had a turnover of C$131.5million (£65.4 million). 1 Numbers in brackets have been converted to Canadian Dollars or Pounds Sterlingbased on the Bank of Canada exchange rate as at 8 March 2006: C$/£2.0090 Enquiries Lisa Williams, Rentokil Initial plcTelephone: +44 (0)20 7866 3000Mobile: +44 (0)7980 895419 Kate Holgate, Brunswick GroupTelephone: +44 (0)20 7404 5959 Note to Editors: Rentokil Initial plc is one of the largest business services companies in theworld, operating in all the major economies of Europe, North America, AsiaPacific and Africa. The company has some 80,000 employees providing a range ofsupport services in over 40 countries where the "Rentokil" and "Initial" brandshave come to represent innovation, deep expertise and consistent quality ofservice. Services include pest control, tropical plants, hygiene services,facilities services, electronic security and parcels delivery. This information is provided by RNS The company news service from the London Stock Exchange