Rentokil Initial Director Exercises Share Options
Why we think this is neutral
This RNS announcement is a routine notification of a director exercising share options, which does not provide any significant new information about the company's performance or outlook.
Key Points
- Chief Executive Andy Ransom has exercised 964,464 share options
- 453,914 shares were sold to cover tax and NI liabilities, with the remaining shares retained
Summary
The major hygiene and pest control services provider has announced that its Chief Executive has exercised share options granted under the company's long-term incentive plan.
Rentokil Initial plc has announced that its Chief Executive, Andy Ransom, has exercised his award of 964,464 ordinary shares granted under the Company Performance Share Plan 2006. 453,914 of these shares have been sold to cover the tax and national insurance liability, with the remaining shares retained.
DIRECTOR DEALINGS