Director/PDMR Shareholding

RNS Number : 6803L
Rentokil Initial PLC
03 August 2011
 



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)      Alan Brown                   (Director)

ii)     Xuemei Bennink-Bai   (PDMR)

iii)    Chris Broe                    (PDMR)

iv)    Mike Brown                   (PDMR)

v)     Andy Ransom              (Director)

vi)    Martin Sawkins            (PDMR)

vii)   Peter Slator                   (PDMR)

viii)  Jeremy Townsend      (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

 

Not applicable

 

8 State the nature of the transaction

 

Awards under the 2006 Performance Share Plan - 2011 award

 

 

9. Number of shares, debentures or financial instruments relating to shares acquired

 

Not applicable

 

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

 

Not applicable

 

11. Number of shares, debentures or financial instruments relating to shares disposed

 

Not applicable

 

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

 

Not applicable

 

13. Price per share or value of transaction

 

Not applicable

 

14. Date and place of transaction

 

Not applicable

 

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

 

Not applicable

 

16. Date issuer informed of transaction

 

Not applicable

 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

 

17. Date of grant

 

01 August 2011 - Performance Share Plan award

 

18. Period during which or date on which it can be exercised

 

02 August 2014 to 31 July 2021 (subject to performance conditions)

 

19. Total amount paid (if any) for grant of the option

 

Nil

 

20. Description of shares or debentures involved (class and number)

 

Ordinary shares of 1 pence each

 


Target award

Maximum award*

Type of award

Alan Brown

1,013,072

2,026,144

Performance share plan

Xuemei Bennink-Bai

180,694

271,041 

Performance share plan

Chris Broe

77,887

116,831

Performance share plan

Mike Brown

326,798

490,197

Performance share plan

Andy Ransom

490,197

980,394

Performance share plan

Martin Sawkins

345,589

518,384

Performance share plan

Peter Slator

441,177

661,766

Performance share plan

Jeremy Townsend

462,963

925,926

Performance share plan

 

* The maximum performance share plan vesting is only applicable in the event of upper quartile TSR performance and maximum annual bonus outperformance for participants for the three year performance measurement period.

 

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

 

Nil

 

22. Total number of shares or debentures over which options held following notification

 


Target award

Maximum award*

Type of award

Alan Brown          

1,013,072

2,026,144

Performance share plan 2011


744,000

1,240,000

Performance share plan 2010


1,072,046

2,144,092

Performance share plan 2009


2,829,118

5,410,236



 

n/a

 

11,250,000

 

Share Incentive plan 2008

 

 

Xuemei Bennink-Bai

180,694

271,041

Performance share plan 2011


280,000

560,000

Performance share plan 2010


144,983

289,966

Performance share plan 2009


605,677

1,121,007


 

Chris Broe

185,745

278,618

Performance share plan 2011


77,887

116,831

Performance share plan 2011


263,632

395,449

Performance share plan 2011

 

 

Mike Brown

326,798

490,197

Performance share plan 2011


291,262

582,524

Performance share plan 2010


n/a

234,542

Compensatory contractual award 2010


618,060

1,307,263


 

 

Andy Ransom

490,197

980,394

Performance share plan 2011


360,000

720,000

Performance share plan 2010


518,732

1,037,464

Performance share plan 2009


1,368,926

2,737,858

 

 


n/a

11,250,000

 Share Incentive plan 2008

 

 

Martin Sawkins

345,589

518,384

Performance share plan 2011


188,000

376,000

Performance share plan 2010


253,602

507,205

Performance share plan 2009


347,368

694,736

Performance share plan 2008


1,134,559

2,096,325


 

 

Peter Slator

441,177

661,766

Performance share plan 2011


240,000

480,000

Performance share plan 2010


345,821

691,643

Performance share plan 2009


1,026,998

1,833,409


 

 

Jeremy Townsend

462,963

925,926

Performance share plan 2011


412,621

825,242

Performance share plan 2010


n/a

203,891

Compensatory contractual award 2010


875,584

1,955,059


 

 

* The maximum performance share plan vesting is only applicable in the event of upper quartile TSR performance and maximum annual bonus outperformance for participants for the three year performance measurement period.

 

23. Any additional information

 

Not applicable

 

24. Name of contact and telephone number for queries

 

Paul Griffiths, Company Secretary - +44 (0)1293 858000

 

25. Name of authorised official of issuer responsible for making notification and date of notification

 

Paul Griffiths - 03 August 2011

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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