Director/PDMR Shareholding

RNS Number : 3450G
Rentokil Initial PLC
28 June 2012
 



RENTOKIL INITIAL plc

(the "Company")

Notification of Transactions by Directors and PDMRs

 

The Rentokil Initial plc Performance Share Plan 2006 ("the PSP Plan")

 

Rentokil Initial plc announces that the performance conditions attached to Performance share awards granted under the PSP Plan to the directors of the Company on 12 June 2009 have not been satisfied and the following awards have now lapsed as set out below:

 

 Director

Target no. 2009 PSP awards lapsed

Maximum no. 2009 PSP awards lapsed*

Alan Brown

1,072,046

2,144,092

Andy Ransom

518,732

1,037,464

Martin Sawkins

253,602

507,205

Peter Slator

345,821

691,643

 

Following the lapse of the above share awards under the PSP Plan these directors maintain the following beneficial interests in the issued share capital of the Company:

 


Target award

Maximum award*

Type of award

Alan Brown

1,118,460

1,864,101

Performance share plan award 2012


1,013,072

1,688,453

Performance share plan award 2011


744,000

1,240,000

Performance share plan award 2010


2,875,532

4,792,554



n/a

11,250,000

Share Incentive plan 2008**

 

 


Target award

Maximum award*

Type of award

Andy Ransom

541,190

1,082,380

Performance share plan award 2012

 


490,197

980,394

Performance share plan award 2011


360,000

720,000

Performance share plan award 2010


1,391,387

2,782,774


 


n/a

11,250,000

Share Incentive plan 2008**

 

 


Target award

Maximum award*

Type of award

Martin Sawkins

296,752

445,128

Performance share plan award 2012

 


345,589

518,384

Performance share plan award 2011

 


188,000

376,000

Performance share plan award 2010

 


830,341

1,339,512


 

 


Target award

Maximum award*

Type of award

Peter Slator

414,912

622,368

Performance share plan award 2012

 


441,177

661,766

Performance share plan award 2011

 


 

240,000

480,000

Performance share plan award 2010

 


 

1,096,089

 

 

1,764,134

 


 

*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.

 

**The maximum Share Incentive Plan 2008 vesting is only applicable if the Rentokil Initial plc share price achieves an averaged level of £2.80 by May 2013.

 

This notification relates to transactions notified in accordance with both Disclosure Rule 3.1.4R (1) (a) and Disclosure Rule 3.1.4R (1) (c)

 

 

Contact: Paul Griffiths

Company Secretary

28 June 2012

 


This information is provided by RNS
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