TIDMRTO TIDMSDR

RNS Number : 0375D

Rentokil Initial PLC

23 January 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying               Rentokil Initial plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
--------------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
-------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                    ü 
-----------------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
-----------------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
------------------  ---------------------------------------------------------  ------- 
 3. Full name of person(s) subject                         Schroders plc 
  to the 
  notification obligation: (iii) 
------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                         22.01.15 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                           23.01.15 
------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed                      From 15% - 14% 
  or 
  reached: (vi, vii) 
------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type     Situation previous                      Resulting situation after the triggering 
 of              to the triggering                       transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  --------------------------------------  ----------------------------------------------------------------------- 
                Number               Number             Number                    Number of voting         % of voting 
                 of                   of                 of shares                 rights                   rights (x) 
                 Shares               Voting 
                                      Rights 
-------------  -------------------  -----------------  ------------------------  -----------------------  -------------------- 
                                                        Direct                    Direct   Indirect        Direct   Indirect 
                                                                                   (xi)     (xii) 
-------------    -----  -----  ---  ------      -----  ------------------------  -------  --------------  -------  ----------- 
   Ordinary 
 
 GB00B082RF11      275,456,777         269,329,932               278,742,935       N/A      265,903,323     N/A      14.587% 
               -------------------  -----------------  ------------------------  -------  --------------  -------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial       Expiration          Exercise/                       Number of voting              % of voting 
  instrument              date (xiii)         Conversion                      rights that may               rights 
                                              Period (xiv)                    be 
                                                                              acquired if the 
                                                                              instrument is 
                                                                              exercised/ converted. 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.32644      27/01/2015                    N/A                         (531,919)                  -0.029% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.27611      10/02/2015                    N/A                        (1,000,559)                 -0.055% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.28796      24/02/2015                    N/A                         (750,395)                  -0.041% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.24854      12/03/2015                    N/A                         (628,959)                  -0.035% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.25832      19/03/2015                    N/A                         (691,630)                  -0.038% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.25773      08/04/2015                    N/A                         (616,928)                  -0.034% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 Call Option / 1.32397      17/04/2015                    N/A                         (530,454)                  -0.029% 
----------------------  ------------------  ------------------------------  ----------------------------  -------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of          Exercise      Expiration       Exercise/           Number of voting                  % of voting rights 
 financial         price         date (xvii)      Conversion          rights instrument                 (xix, xx) 
 instrument                                       period              refers to 
                                                  (xviii) 
---------------  ------------  ---------------  ------------------  --------------------------------  ------------------------ 
      CFD             N/A            N/A                N/A                     6,310,900               Nominal       Delta 
---------------  ------------  ---------------  ------------------  --------------------------------  -----------  ----------- 
                                                                                                         0.346%         1 
-------------    -----  -----  ---  ------      -----  -----------  ------  ---  -------  ----------  -----------  ----------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                             Percentage of voting rights 
------------------------------------------------------------------  ---------------------------------------------------------- 
                            272,214,223                                                       14.934% 
------------------------------------------------------------------  ---------------------------------------------------------- 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------------------------------------ 
 Schroder Investment Management Limited 269,379,042 14.778% 
  Schroders (C.I.) Limited 50,025 0.003% 
  Schroder & Co. Limited 2,785,156 0.153% 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder: 
----------------------------------------------------------------------------------------  ------------------------------------ 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
----------------------------------------------------------------------------------------  ------------------------------------ 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
----------------------------------------------------------------------------------------  ------------------------------------ 
 
                                                                     The shares referred to in section 
  13. Additional information:                                         9 are held in portfolios managed by 
                                                                      those firms on a discretionary basis 
                                                                      for clients under investment management 
                                                                      agreements. This disclosure has been 
                                                                      calculated based on issue share capital 
                                                                      amount 1,822,832,965. 
------------------------------------------------------------------  ---------------------------------------------------------- 
 14. Contact name: 
                                                                                Alexandra Laan, Rentokil Initial plc 
------------------------------------------------------------------  ---------------------------------------------------------- 
 
 15. Contact telephone number:                                                              01276 607444 
------------------------------------------------------------------  ---------------------------------------------------------- 
 
 

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