Rentokil Initial PLC

Remuneration Information • May 17, 2016

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RNS Number : 5228Y

Rentokil Initial PLC

17 May 2016

AMENDMENT

Changes made to boxes 20 and 22, amended figures are identified with an asterisk, and an explanation has been added in box 23.

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

i)      Paul Cochrane             (PDMR)

ii)     Vanessa Evans           (PDMR)

iii)    Jürgen Hӧfling             (PDMR)

iv)    John Myers                   (PDMR)

v)     Alain Moffroid                (PDMR)

vi)    Stewart Power              (PDMR)

vii)   Phill Wood                    (PDMR)

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

11 March 2016 - Performance Share Plan award 2016

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

12 March 2019 to 10 March 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 Award1	Type of award
Paul Cochrane	85,406*	Performance share plan
Vanessa Evans	188,205*	Performance share plan
Jürgen Hӧfling	178,297*	Performance share plan
Alain Moffroid	97,195*	Performance share plan
John Myers	217,488*	Performance share plan
Stewart Power	156,538*	Performance share plan
Phill Wood	204,582*	Performance share plan

Notes

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

The awards to Andy Ransom and Jeremy Townsend for 2016 were not made until after the 2016 AGM, at which resolutions to revise the Remuneration Policy and to adopt updated Performance Share Plan Rules were submitted for shareholder approval.

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

	Maximium award	Type of award
Paul Cochrane	85,406*	Performance share plan 2016
	95,103	Performance share plan 2015
	107,179	Performance share plan 2014
	117,586	Performance share plan 2013
	45,608	Performance share plan 2012 1
	9,432	Performance share plan 2008 1
	460,314	Total
Vanessa Evans	188,205*	Performance share plan 2016
	196,720	Performance share plan 2015 2
	384,925	Total
Jürgen Hӧfling	178,297*	Performance share plan 2016
	228,069	Performance share plan 2015
	406,366	Total
Alain Moffroid	97,195*	Performance share plan 2016
	177,117	Performance share plan 2015
	137,430	Performance share plan 2014
	183,078	Performance share plan 2013
	217,741	Performance share plan 2012 3
	812,561	Total
John Myers	217,488*	Performance share plan 2016
	217,759	Performance share plan 2015
	154,116	Performance share plan 2014
	199,848	Performance share plan 2013
	64,961	Performance share plan 2008 1
	854,172	Total
Stewart Power	156,538*	Performance share plan 2016
	179,658	Performance share plan 2015
	192,463	Performance share plan 2014
	528,659	Total
Phill Wood	204,582*	Performance share plan 2016
	238,284	Performance share plan 2015
	255,267	Performance share plan 2014
	165,980	Performance share plan 2013
	64,734	Performance share plan 2012 1
	928,847	Total

Notes

1 Unexercised but vested Performance share plan awards

2 Award on appointment under the Performance share plan 2015

3 Unexercised but vested compensatory share award on appointment under the Performance share plan 2012

23. Any additional information

This notification replaces the one dated 14 March 2016, which contained incorrect figures for the Performance share plan 2016 grant.  The 2016 grant itself was made on 11 March 2016 on the correct basis, reflecting the amounts now shown correctly above, indicated with an asterisk.

24. Name of contact and telephone number for queries

Piotr Lasota, Company Secretarial Assistant - +44 (0)1276 607444

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

Daragh Fagan, Company Secretary - 17 May 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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