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

 

END

 

 

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