Rentokil Initial PLC
22 August 2005
Monday 22nd August 2005
Rentokil Initial plc
Re: Raphoe Management Limited
The Board of Rentokil Initial plc ('Rentokil' or the 'Company') notes the
announcement this morning by Raphoe Management Limited ('Raphoe') that it
intends to approach the Company to discuss the possibility of making an offer
for Rentokil. At this stage no such approach has been received.
The Board will consider any proposal that Raphoe makes in the context of the
value available to shareholders from the plans that the new executive team has
for the Company.
Shareholders will be kept informed of the Board's view of any proposal received,
and are advised in the meantime to take no action.
For further information please contact:
Gill Ackers, Brunswick Group LLP 020 7404 5959
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code, any person who, alone or
acting together with any other person(s) pursuant to an agreement or
understanding (whether formal or informal) to acquire or control relevant
securities of Rentokil, owns or controls, or becomes the owner or controller,
directly or indirectly, of one per cent. or more of any class of securities of
Rentokil is required to disclose, by not later than 12.00 noon (London time) on
the London business day following the date of the relevant transaction, dealings
in such securities of that company (or in any option in respect of, or
derivative referenced to, any such securities) during the period to the date on
which the offer becomes or is declared unconditional as to acceptances or lapses
or is otherwise withdrawn.
Under the provisions of Rule 8.1 of the City Code, all dealings in relevant
securities of Rentokil by Raphoe or Rentokil, or by any of their respective
'associates' (within the meaning of the City Code) must also be disclosed.
If you are in any doubt as to the application of Rule 8, to you, please contact
an independent financial adviser authorised under the Financial Services and
Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or
contact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013.
This information is provided by RNS
The company news service from the London Stock Exchange
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