Director/PDMR Shareholding

RNS Number : 9931L
Rentokil Initial PLC
14 May 2010
 



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

ii)    Xuemei Bennink-Bai

iii)   Stuart Godman

iv)   Bryan Kinsella

v)    Andy Ransom

vi)   Martin Sawkins

vii)  Peter Slator

 

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 - 2010 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

 

14 May 2010 - Performance Share Plan award

 

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

 

15 May 2013 to 14 May 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

 


Target award

Maximum award*

Type of award

Alan Brown

744,000

1,240,000

Performance share plan

Xuemei Bennink-Bai

280,000

   560,000

Performance share plan

Stuart Godman

192,000

384,000

Performance share plan

Bryan Kinsella

181,600

363,200

Performance share plan

Andy Ransom

360,000

720,000

Performance share plan

Martin Sawkins

188,000

376,000

Performance share plan

Peter Slator

240,000

480,000

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       

744,000

1,240,000

Performance share plan 2010


1,072,046

2,144,092

Performance share plan 2009


1,816,046

3,384,092



 

n/a

 

11,250,000

 

Share Incentive plan 2008

 

Xuemei Bennink-Bai

280,000

560,000

Performance share plan 2010


108,737

217,474

Performance share plan 2009


388,737

777,474


 

Stuart Godman

192,000

   384,000

Performance share plan 2010


119,885

239,769

Performance share plan 2009


64,000

128,000

Performance share plan 2008


375,885

751,769


 

Bryan Kinsella

181,600

363,200

Performance share plan 2010


261,671

523,343

Performance share plan 2009


272,400

544,800

Performance share plan 2008


715,671

1,431,343


 

Andy Ransom

360,000

720,000

Performance share plan 2010


518,732

1,037,464

Performance share plan 2009


878,732

1,757,464



 

n/a

 

11,250,000

 

Share Incentive plan 2008

 

Martin Sawkins

188,000

376,000

Performance share plan 2010


253,602

507,205

Performance share plan 2009


347,368

694,736

Performance share plan 2008


788,970

1,577,941


 

Peter Slator

240,000

480,000

Performance share plan 2010


345,821

691,643

Performance share plan 2009


585,821

1,171,643


 

* 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 - 14 May 2010

 


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