Rentokil Initial PLC

Director's Dealing • May 13, 2016

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RNS Number : 2680Y

Rentokil Initial PLC

13 May 2016

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

Notes:   This form is intended for use by an issuer to make a RIS notification required by DTR 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) above

3. Name of person discharging managerial responsibilities/director

1)    Andy Ransom              (Executive Director)

2)    Jeremy Townsend      (Executive Director)

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 Performance Share Plan - 2016 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

12 May 2016 - Performance Share Plan award 2016

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

12 March 2019 to 11 May 2026 (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

	PSP 2016 Award	Type of award1
Andy Ransom	913,776	Performance share plan
Jeremy Townsend	587,427	Performance share plan

Notes

1Two-thirds of the award relate to relative TSR performance targets and one-third to EPS performance targets.

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 award1
Andy Ransom2	913,776	913,776	Performance share plan 2016
	632,324	1,053,874	Performance share plan 2015
	680,713	1,134,522	Performance share plan 2014
	275,229	458,716	Supplementary performance share plan 2013
		513,403	Performance share plan 20131
		163,625	Performance share plan 20121
	2,502,042	4,237,916	Total

Jeremy Townsend	587,427	587,427	Performance share plan 2016
	338,745	677,490	Performance share plan 2015
	364,667	729,334	Performance share plan 2014
		486,218	Performance share plan 20131
	1,290,839	2,480,469	Total

Notes

1Two-thirds of the award relates to relative TSR performance targets and one-third to EPS performance targets.

2 Andy Ransom's maximum award is capped at 200% of salary

3 Unexercised but vested Performance share plan awards including dividend accrual

23. Any additional information

Not applicable

24. Name of contact and telephone number for queries

Daragh Fagan, Company Secretary - +44 (0)1276 607444

25. Name of authorised official of issuer responsible for making notification and date of notification

Daragh Fagan, Company Secretary - 13 May 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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