Director/PDMR Shareholding

RNS Number : 8106C
Rentokil Initial PLC
08 May 2012
 



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

 

David Smith (PDMR)

 

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

 

Award under a one-off plan designed to incentivise improved financial performance in the City Link business

 

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

 

4 May 2012

 

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

 

31 March 2015 to 31 March 2020 (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

 


Threshold award*

Stretch award*

 

Type of award

David Smith

 193,321

386,643

Special award

 

* Vesting subject to stretching financial performance targets

 

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

 


Threshold award*

Stretch award*

Type of award

 

David Smith          

193,321

386,643

Special award

 

* Vesting subject to stretching financial performance targets

 

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 - 8 May 2012

 


This information is provided by RNS
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