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

Rentokil InitialAnnouncement

17/05/2016 17:10

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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