Rentokil Initial PLC
Pricing Supplement dated 17 May 2004
RENTOKIL INITIAL PLC
Issue of
USD10,000,000 Floating Rate Notes due 17 May 2007
under the EUR 2,500,000,000
Euro Medium Term Note Programme
This document constitutes the Pricing Supplement relating to the issue
of Notes described herein. Terms used herein shall be deemed to be
defined as such for the purposes of the Conditions set forth in the
Offering Circular dated 9 June 2003. This Pricing Supplement is
supplemental to and must be read in conjunction with such Offering
Circular.
1. (i) Series Number: 15
(ii)Tranche Number: 1
2. Specified Currency or Currencies: United States Dollars ('USD')
3. Aggregate Nominal Amount: USD10,000,000
4. (i) Issue Price: 100.00 per cent. of the
Aggregate Nominal Amount
(ii)Net Proceeds: Not Applicable
5. Specified Denominations: USD100,000
6. (i) Issue Date: 17 May 2004
(ii)Interest Commencement Date: 18 May 2004
7. Maturity Date: 17 May 2007
8. Interest Basis: Floating Rate
(further particulars specified
below)
9. Redemption/Payment Basis: Redemption at par
10. Change of Interest Basis or Not Applicable
Redemption/Payment Basis:
11. Put/Call Options: Not Applicable
12. Listing: London
13. Method of distribution: Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14. Fixed Rate Note Provisions Not Applicable
15. Floating Rate Note Provisions Applicable from and including 18 May
2004 to but excluding 17 May 2007
(i) Specified Period(s)/Specified Quarterly. 17 February, 17 May, 17
Interest August and 17 November in each year
Payment Dates: from and including 17 August 2004 to
and including 17 May 2007
(ii) Business Day Convention: Modified Following Business Day
Convention
(iii) Additional Business London
Centre(s):
(iv) Manner in which the Rate of Screen Rate Determination
Interest and Interest Amount
is to be determined:
(v) Party responsible for
calculating the Rate of Interest Not Applicable
and Interest Amount (if not the
Agent)
(vi) Screen Rate Determination:
-- Reference Rate: 3 month USD LIBOR
-- Interest Determination Date(s): Second London Business day prior to the
start of each Interest Period
-- Relevant Screen Page: Telerate page 3750
If the Telerate Page '3750' is
unavailable or cancelled, the fall
back provisions described under the
Definition of 'USD-LIBOR-BBA'
contained within the Annex to the 2000
ISDA Definitions shall apply.
(vii) ISDA Determination:
-- Floating Rate Option: Not Applicable
-- Designated Maturity: Not Applicable
-- Reset Date: Not Applicable
(viii) Margin(s): +0.35 per cent. per annum
(ix) Minimum Rate of Interest: Not Applicable
(x) Maximum Rate of Interest: Not Applicable
(xi) Day Count Fraction: Actual/360
(xii) Fall back provisions,
rounding provisions and any other
terms relating to the method of
calculating interest on Floating
Rate Notes, if different from those
set out in the Conditions: Not Applicable
16. Coupon Note Provisions Not Applicable
17. Index Linked Note Interest Provisions Not Applicable
18. Dual Currency Note Provisions Not Applicable
PROVISIONS RELATING TO REDEMPTION
19. Issuer Call Not Applicable
20. Investor Put Not Applicable
21. Final Redemption Amount of each Note Nominal Amount
24. Early Redemption Amount of each Note payable on As set out in the Condition 6(e)
redemption for taxation reasons or an event of
default and/or the method of calculating the same
(if required or if different from that set in the
Condition 6(e)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
23. Form of Notes: Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable
for Definitive Notes only upon an Exchange Event.
24. Addiional Financial Centre(s) or other special London
provisions relating to Payment Dates:
25: Talons for future Coupons or receipts to be No.
to Definitive Notes (and dates on which such
Talons mature):
26: Details relating to Partly Paid Notes: amount
of each payment comprising the Issue Price and date
on which each payment is to be made and
consequences of failure to pay, including any
right of the Issuer to forfeit the Notes and
interest due on late payment. Not Applicable
27. Details relating to Instalment Notes:
(i) Instalment Amounts: Not Applicable
(ii) Instalment Dates: Not Applicable
28. Redonomination applicable; Redenomination not applicable
29. Other terms or special conditions: Not Applicable
DISTRIBUTION
30. (i) If syndicated, names of Managers: Not Applicable
(ii) Stabilising Mananger (if any): Not Applicable
31. If non-syndicated, name of Dealer: BNP Paribas
32. Whether TEFRA C TEFRA D rules TEFRA D rules applicable
33. Additional selling restrictions: Not applicable
OPERATIONAL INFORMATION
34. Any clearing system(s) other than Euroclear
and Clearstream, Luxembourg and the relevent
identification number(s): Not applicable
35. Delivery: Delivery against payment
36. Additional Paying Agent(s) (if any): Not applicable
ISIN: XS0192690278
Common Code: 19269027
LISTING APPLICATION
This Pricing Supplement comprises the details required to list the issue of
Notes described herein pursuant to the £2,500,000,000 Euro Medium Note Programme
of Rentokil Initial plc.
RESPONSIBILITY
The Issuer accepts all responsibility for the information contained in this
Pricing Supplement.
Signed on behalf of the Issuer:
By: Roger Payne Robert Ward Jones
Finance Director Commpany Secretary
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
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Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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