Rentokil Initial PLC
10 March 2006
10 March 2006
Rentokil Initial plc
DISPOSAL OF MANNED GUARDING OPERATIONS IN CANADA
Rentokil Initial plc ('Rentokil') today announces that it has sold the shares of
its Canadian manned guarding business, Rentokil Initial Canada Limited ('RICL'),
to Garda World Security Corporation, a Canadian security services organisation.
The total consideration is £30.3 million (C$60.8 million).
RICL is a leading provider of manned guarding services with some 4,500 security
officers serving major cities in the five central and western provinces of
Canada. For the financial year to 31 December 2005 it had a turnover of C$131.5
million (£65.4 million).
1 Numbers in brackets have been converted to Canadian Dollars or Pounds Sterling
based on the Bank of Canada exchange rate as at 8 March 2006: C$/£2.0090
Enquiries
Lisa Williams, Rentokil Initial plc
Telephone: +44 (0)20 7866 3000
Mobile: +44 (0)7980 895419
Kate Holgate, Brunswick Group
Telephone: +44 (0)20 7404 5959
Note to Editors:
Rentokil Initial plc is one of the largest business services companies in the
world, operating in all the major economies of Europe, North America, Asia
Pacific and Africa. The company has some 80,000 employees providing a range of
support services in over 40 countries where the 'Rentokil' and 'Initial' brands
have come to represent innovation, deep expertise and consistent quality of
service. Services include pest control, tropical plants, hygiene services,
facilities services, electronic security and parcels delivery.
This information is provided by RNS
The company news service from the London Stock Exchange
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