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Rentokil Initial: GIC reclassifies holding; maintains 6.49% voting rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

On 24 Jul 2025 sovereign wealth fund GIC Private Limited crossed a disclosure threshold in Rentokil Initial plc, triggering this Form 6-K/TR-1 major-holdings notice. GIC now controls 6.494659 % of Rentokil’s voting rights, equal to 164.06 million votes. The stake consists of 5.940639 % (150.06 m votes) held via ordinary shares and 0.554020 % (13.99 m votes) linked to security-lending arrangements.

The change is primarily a reclassification of part of the holding as “security lending” rather than a meaningful purchase or sale; the previously reported total was 6.500133 %. No financial results, guidance or operational updates are included. The filing, dated 28 Jul 2025, fulfils UK Disclosure & Transparency Rule 5 obligations and has limited direct impact on Rentokil’s fundamentals.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Minor stake-structure tweak; overall holding steady at ~6.5 %, limited valuation impact.

GIC remains a significant but non-controlling shareholder, keeping its position above the 5 % reporting threshold. The 0.006 percentage-point decline reflects stock lent for liquidity rather than outright divestment, suggesting no change in GIC’s long-term view. Governance dynamics are stable: no board influence disclosed, and Rentokil’s free float is essentially unchanged. For investors, the notice is largely procedural and does not alter the company’s risk, earnings outlook or strategic trajectory.

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
___________________
 
FORM 6-K
 
__________________
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of July 2025
 
Commission File Number: 001-41524
___________________________________
 
Rentokil Initial plc
(Registrant’s name)
___________________________________
 
Compass House
Manor Royal
Crawley
West Sussex RH10 9PY
United Kingdom
(Address of principal executive office)
_____________________________________
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
 
 
 
 
Holding(s) in Company dated 28 July 2025
 
 
 
TR-1: Standard form for notification of major holdings
 
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
 
 
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 
 
Rentokil Initial PLC
 
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
 
Non-UK issuer
 
 
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
 
An acquisition or disposal of voting rights
 
 
An acquisition or disposal of financial instruments
 
 
An event changing the breakdown of voting rights
 
 
Other (please specify)iii: Change in nature of holding due to security lending
 
X
3. Details of person subject to the notification obligationiv
 
Name
 
GIC Private Limited
 
City and country of registered office (if applicable)
 
Singapore, Singapore
 
4. Full name of shareholder(s) (if different from 3.)v
 
Name
Vidacos Nominees Limited,
 
Nortrust Nominees Limited,
 
The Northern Trust Company AVFC
 
City and country of registered office (if applicable)
 
London, United Kingdom
 
5. Date on which the threshold was crossed or reachedvi:
 
24/07/2025
 
6. Date on which issuer notified (DD/MM/YYYY):
 
28/07/2025
 
7. Total positions of person(s) subject to the notification obligation
 
 
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuervii
Resulting situation on the date on which threshold was crossed or reached
 
5.940639%
 
0.554020%
 
6.494659%
 
164,057,681.00
 
Position of previous notification (if applicable)
 
6.038717%
 
0.461417%
 
6.500133%
 
 
 
 
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
 
A: Voting rights attached to shares
 
Class/type ofshares
ISIN code (if possible)
Number of voting rightsix
 
% of voting rights
 
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Equity: GB00B082RF11
 
120,986,673
29,076,235
4.789579%
1.151060%
 
 
 
 
 
 
SUBTOTAL 8. A
 
150,062,908.00
 
5.940639%
 
 
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 
Type of financial instrument
 
Expirationdatex
 
Exercise/ Conversion Periodxi
 
Number of voting rights that may be acquired if the instrument is exercised/converted.
 
% of voting rights
 
Security Lending
 
N/A
N/A
13,994,773
0.554020%
 
 
 
 
 
 
 
 
SUBTOTAL 8. B 1
 
13,994,773
 
0.554020%
 
 
B 2: Financial Instruments with similar economic effect to DTR5.3.1R (1) (b)
 
Type of financial instrument
 
Expirationdatex
 
Exercise/ Conversion Period xi
 
Physical or cash settlementxii
 
Number of voting rights
 
% of voting rights
 
 
 
 
 
 
 
 
 
 
 
SUBTOTAL 8.B.2
 
 
 
 
 
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
 
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
 
 
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
 
X
 
Namexv
 
% of voting rights if it equals or is higher than the notifiable threshold
 
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
 
Total of both if it equals or is higher than the notifiable threshold
 
GIC Private Limited
 
5.940639% (4.789579% direct and 1.151060% indirect)
 
0.554020%
 
6.494659%
 
 
 
 
 
 
GIC (Ventures) Pte Ltd
 
Less than 3%
 
 
 
GIC Blue Holdings Pte Ltd
 
Less than 3%
 
 
 
Purple Green Investment Pte Ltd
 
Less than 3%
 
 
 
 
 
 
 
 
GIC (Ventures) Pte Ltd
 
Less than 3%
 
 
 
GIC Blue Holdings Pte Ltd
 
Less than 3%
 
 
 
Clear Turquoise Investment Pte Ltd
 
Less than 3%
 
 
 
 
 
10. In case of proxy voting, please identify:
 
Name of the proxy holder
 
 
The number and % of voting rights held
 
 
The date until which the voting rights will be held
 
 
 
 
11. Additional informationxvi
 
GIC Private Limited (“GIC”) has the full discretion to determine how the voting power held by Purple Green Investment Pte Ltd (“Purple Green”) is exercised. Purple Green is a wholly owned subsidiary of GIC Blue Holdings Pte Ltd (“GIC Blue”), which is in turn wholly owned by GIC (Ventures) Pte Ltd. Both GIC Blue and Purple Green are part of a group of investment entities held by GIC (Ventures) Pte Ltd and are investment holding companies with no operational activities.
 
GIC Private Limited (“GIC”) has the full discretion to determine how the voting power held by Clear Turquoise Investment Pte Ltd (“Clear Turquoise”) is exercised. Clear Turquoise is a wholly owned subsidiary of GIC Blue Holdings Pte Ltd (“GIC Blue”), which is in turn wholly owned by GIC (Ventures) Pte Ltd. Both GIC Blue and Clear Turquoise are part of a group of investment entities held by GIC (Ventures) Pte Ltd and are investment holding companies with no operational activities.
 
 
 
Place of completion
 
Singapore
 
Date of completion
 
28/07/2025
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date: 28 July 2025
RENTOKIL INITIAL PLC
 
/s/ Rachel Canham
 
Name: Rachel Canham
 
Title: Group General Counsel and Company Secretary
 
 

FAQ

How much of Rentokil Initial (RTO) does GIC now hold?

GIC’s total interest is 6.494659 % of voting rights, equal to 164.06 million votes.

What caused the new Form 6-K filing for Rentokil Initial?

A reclassification of part of GIC’s position as security lending required a TR-1 major-holdings notification.

Did GIC buy or sell Rentokil shares?

The filing shows only a structural change; the total stake fell marginally from 6.500133 % to 6.494659 %.

When was the threshold crossed and when was Rentokil notified?

Threshold crossed on 24 Jul 2025; company notified on 28 Jul 2025.

Does the filing include any financial or earnings data?

No, it is purely a shareholder disclosure with no operational or earnings information.
Rentokil Initial Plc

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