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Rentokil Initial PLC  -  RTO   

Director/PDMR Shareholding

Released 13:00 01-May-2013

RNS Number : 7553D
Rentokil Initial PLC
01 May 2013
 



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                   (Director)

ii)     Xuemei Bennink-Bai   (PDMR)

iii)    Chris Broe                    (PDMR)

iv)    Mike Brown                   (PDMR)

v)     Andy Ransom              (Director)

vi)    Martin Sawkins            (PDMR)

vii)   Peter Slator                   (PDMR)

viii)  Jeremy Townsend      (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 - 2013 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

 

30 April 2013 - Performance Share Plan award

 

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

 

01 May 2016 to 30 April 2023 (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

         968,750

            1,937,500

Performance share plan

Xuemei Bennink-Bai

         312,500

               468,750

Performance share plan

Chris Broe

         265,625

               398,437

Performance share plan

Mike Brown

         325,125

               487,687

Performance share plan

Andy Ransom

         468,750

               937,500

Performance share plan

Martin Sawkins

         265,625

               398,437

Performance share plan

Peter Slator

         375,000

               562,500

Performance share plan

Jeremy Townsend

         460,593

               921,186

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

968,750

1,937,500

Performance share plan 2013

1,118,460

1,864,101

Performance share plan 2012

               

1,013,072

1,688,453

Performance share plan 2011

744,000

1,240,000

Performance share plan 2010

3,844,282

6,730,054


 

n/a

 

11,250,000

 

Share Incentive plan 2008**

 

 

Xuemei Bennink-Bai

         312,500

               468,750

Performance share plan 2013

360,793

541,189

Performance share plan 2012

180,694

271,041

Performance share plan 2011

280,000

560,000

Performance share plan 2010

1,133,987

1,840,980

 

Chris Broe

         265,625

               398,437

Performance share plan 2013

300,661

450,991

Performance share plan 2012

185,745

278,618

Performance share plan 2011

77,887

116,831

Performance share plan 2010

829,918

1,244,877

 

Mike Brown

         325,125

               487,687

Performance share plan 2013

368,009

552,013

Performance share plan 2012

326,798

490,197

Performance share plan 2011

291,262

582,524

Performance share plan 2010

n/a

234,542

Compensatory contractual award 2010

1,311,194

2,346,963

 

Andy Ransom

         468,750

               937,500

Performance share plan 2013

541,190

1,082,380

Performance share plan 2012

490,197

980,394

Performance share plan 2011

360,000

720,000

Performance share plan 2010

1,860,137

 

3,720,274

 

n/a

11,250,000

 Share Incentive plan 2008**

 

 

Martin Sawkins

         265,625

               398,437

Performance share plan 2013

296,752

445,128

Performance share plan 2012

345,589

518,384

Performance share plan 2011

188,000

376,000

Performance share plan 2010

1,095,966

1,737,949

 

Peter Slator

         375,000

               562,500

Performance share plan 2013

414,912

622,368

Performance share plan 2012

441,177

661,766

Performance share plan 2011

240,000

480,000

Performance share plan 2010

1,471,089

2,326,634

 

Jeremy Townsend

         460,593

               921,186

Performance share plan 2013

521,346

1,042,692

Performance share plan 2012

462,963

925,926

Performance share plan 2011

412,621

825,242

Performance share plan 2010

n/a

90,618

Compensatory contractual award 2010

1,857,523

3,805,664

 

* 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.

 

** The maximum Share Incentive Plan 2008 vesting is only applicable if the Rentokil Initial plc share price achieves an averaged level of £2.80 by June 2013.

 

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 - 01 May 2013

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director/PDMR Shareholding - RNS