TIDMRTO TIDMSDR

RNS Number : 0392L

Rentokil Initial PLC

22 April 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                 Rentokil Initial plc 
  the underlying 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)                                      Schroders plc 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------------------  ---------------------------- 
 5. Date of the transaction                                       21.04.15 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------  ---------------------------- 
 6. Date on which issuer                                          22.04.15 
  notified: 
------------------------------------------------------  ---------------------------- 
 7. Threshold(s) that is/are                                   From 14% - 13% 
  crossed or 
  reached: (vi, vii) 
------------------------------------------------------  ---------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  ------------------------------------------------------------------------- 
                Number                      Number            Number                    Number of                  % of voting 
                 of                          of                of shares                 voting                     rights (x) 
                 Shares                      Voting                                      rights 
                                             Rights 
-------------  --------------------------  ----------------  ------------------------  -------------------------  -------------------- 
                                                              Direct                    Direct     Indirect        Direct    Indirect 
                                                                                         (xi)       (xii) 
-------------      ---------  -----------      ------------  ------------------------  ---------  --------------  --------  ---------- 
   Ordinary 
 
 GB00B082RF11          265,023,083            253,161,903              259,908,660        N/A       248,047,480      N/A      13.608% 
               --------------------------  ----------------  ------------------------  ---------  --------------  --------  ---------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/           Number of voting                                 % of voting 
 financial           date                      Conversion          rights that                                      rights 
 instrument          (xiii)                    Period (xiv)        may be 
                                                                   acquired if 
                                                                   the 
                                                                   instrument 
                                                                   is 
                                                                   exercised/ 
                                                                   converted. 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.27951            28/04/2015                 N/A                            (525,648)                            -0.029% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.31897            12/05/2015                 N/A                            (395,520)                            -0.022% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.37708            27/05/2015                 N/A                            (485,853)                            -0.027% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.4969             11/06/2015                 N/A                            (675,951)                            -0.037% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.85256            01/07/2015                 N/A                            (563,377)                            -0.031% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.50597            08/07/2015                 N/A                            (513,025)                            -0.028% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
   Call Option 
     / 1.49788            16/07/2015                 N/A                            (420,911)                            -0.023% 
-----------------  ------------------------  ------------------  -----------------------------------------------  -------------------- 
 
 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 
 financial        price         date             Conversion      rights instrument                    rights (xix, 
 instrument                     (xvii)           period          refers to                            xx) 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  -----------------------------------  ---------------------------------- 
      CFD            N/A            N/A              N/A                    5,332,468                       Nominal            Delta 
---------------  -----------  ---------------  --------------  -----------------------------------  ----------------------  ---------- 
                                                                                                            0.293%               1 
-------------      ---------  -----------      ------------      --------------------  ---------    ----------------------  ---------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ----------------------------------------------------------------------- 
                         253,379,948                                                           13.900% 
-------------------------------------------------------------  ----------------------------------------------------------------------- 
 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 250,685,013 13.752% 
  Schroders (C.I.) Limited 50,025 0.003% 
  Schroder & Co. Limited 2,644,910 0.145% 
 
 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 
  13. Additional information:                                    section 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, Assistant 
                                                                                           Company Secretary 
-------------------------------------------------------------  ----------------------------------------------------------------------- 
 15. Contact telephone number:                                                               01276 607444 
-------------------------------------------------------------  ----------------------------------------------------------------------- 
 
 

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