Disposal

Rentokil Initial PLC 24 August 2005 Rentokil Initial plc to dispose of Initial Style Conferences Following the review by the new Chief Executive, Doug Flynn, of Rentokil Initial's businesses, the Board has decided to dispose of Initial Style Conferences ('Style Conferences'), subject to achieving satisfactory value through a sale process. Style Conferences is the market leader in the provision of training and conferencing venues in the UK. It was acquired as part of the BET group of businesses in 1996 and has always been operated on a standalone basis. Style Conferences has good profitability, high quality clients, strong management and an attractive asset base founded upon freehold ownership of 21 of the 29 centres that it operates. However, its business characteristics are substantially different from other businesses within the Group. The Board, therefore, believes that there may be alternative owners for whom Style Conferences would be a better fit. For reasons determined by Rule 21.1 of the City Code on Takeovers and Mergers, a sale of Style Conferences, if agreed, may be subject to approval by Rentokil Initial shareholders in general meeting. Enquiries: Rentokil Initial plc +44(0) 1342 833022 Mark Boyle, Group Acquisitions Director Charles Grimaldi, Corporate Affairs Director Greenhill & Co. International LLP +44 (0) 20 7440 0400 Simon Borrows Edward Wakefield Greenhill & Co. International LLP ('Greenhill & Co.'), which is regulated by the Financial Services Authority, is acting for Rentokil Initial plc in connection with its potential divestiture of Initial Style Conferences Limited and for no one else and will not be responsible to anyone other than Rentokil Initial for providing the protections afforded to customers of Greenhill & Co. nor for providing advice in relation to this potential transaction. This information is provided by RNS The company news service from the London Stock Exchange
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