REG - Rentokil Initial PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">RTO.L</Origin>

Rentokil InitialAnnouncement

14/03/2016 07:05

RNS Number : 9218R
Rentokil Initial PLC
14 March 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
i) Paul Cochrane (PDMR)
ii) Vanessa Evans (PDMR)
iii) Jrgen Hfling (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
82,608
Performance share plan 
Vanessa Evans
182,037
Performance share plan
Jrgen Hfling
172,455
Performance share plan 
Alain Moffroid
94,009
Performance share plan
John Myers
210,361
Performance share plan 
Stewart Power
151,408
Performance share plan
Phill Wood
197,877
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 are not proposed to be made until after the 2016 AGM, at which resolutions to revise the Remuneration Policy and to adopt updated Performance Share Plan Rules will be 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
82,608
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

457,516
Total



Vanessa Evans
182,037
Performance share plan 2016

196,720
Performance share plan 2015 2

378,757
Total



Jrgen Hfling
172,455
Performance share plan 2016

228,069
Performance share plan 2015

400,524
Total



Alain Moffroid
94,009
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

809,375
Total



John Myers
210,361
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

847,045
Total



Stewart Power
151,408
Performance share plan 2016

179,658
Performance share plan 2015

192,463
Performance share plan 2014

523,529
Total



Phill Wood
197,877
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

922,142
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
Not applicable
24. Name of contact and telephone number for queries
Alexandra Laan, Assistant 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 - 14 March 2016

This information is provided by RNS
The company news service from the London Stock Exchange
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