Rentokil Initial plc reported that CEO Designate Mike (Michael) Duffy, together with his Person Closely Associated, Laura Duffy, purchased 16,000 American Depositary Shares (ADSs) of the company on 9 March 2026 on the New York Stock Exchange.
The ADSs were bought at a price of USD 30.9584 per ADS, for an aggregate consideration of USD 495,334.40. Each ADS represents five ordinary shares of one pence each, and the purchase was made into a joint brokerage account held by Mike and Laura Duffy.
Rentokil Initial plc reported that Singapore-based investor GIC Private Limited has reduced its notifiable holding of voting rights in the company. As of 04/03/2026, GIC’s total voting interest stands at 3.253885%, representing 82,194,423 voting rights.
The position includes 2.966041% of voting rights attached to shares, split between direct and indirect holdings, and 0.287844% held via lent securities. This is a decrease from GIC’s previously notified combined interest of 3.991722%.
Rentokil Initial plc has begun a planned leadership transition after Chair of the Board Richard Solomons informed the Board of his intention to retire once a successor is appointed. He has served as Chair since 2019 and will continue to lead the Board until the new Chair assumes responsibilities.
The search process is underway and is being led by Senior Independent Director John Pettigrew, supported by the Nomination Committee, in line with the UK Corporate Governance Code. The company, a global provider of Pest Control and Hygiene & Wellbeing services employing about 63,400 people in 90 countries, will issue a further announcement once the new Chair is finalised.
Rentokil Initial reported steady 2025 growth with revenue rising to $6,908m from $6,617m and Group Organic Revenue up 2.6%, helped by a stronger second half with 3.5% organic growth. Adjusted Operating Profit increased 5.4% to $1,070m, lifting the adjusted margin to 15.5%.
Free Cash Flow from continuing operations rose to $615m, up 24.5%, delivering 98% conversion and reducing net debt to $3,650m, or 2.6x Net Debt to Adjusted EBITDA. North America organic growth improved through the year, while International delivered 3.0% organic growth and a 19.8% adjusted margin.
Statutory performance was weaker, as Statutory Profit Before Tax fell to $390m from $462m, largely due to a $201m increase in the legacy termite damage provision, taking the closing balance to $384m with $95m of cash claims in 2025. The Board recommends a total 2025 dividend of 12.39 cents per share, up 3.0%, and confirms plans to reach a North America operating margin above 20% in 2027. Leadership will transition to new CEO Mike Duffy in March 2026.
Rentokil Initial plc reports a regulatory TR-1 notification of major holdings. A shareholder now holds 2.971266% of the company’s voting rights, representing 75,055,369 voting rights attached to shares with ISIN GB00B082RF11. The table shows a previously notified position of 35% of voting rights. No voting rights are held through financial instruments, and no additional financial instruments with similar economic effect are reported.
Rentokil Initial plc has reported a change in a director’s external roles. Chief Financial Officer Paul Edgecliffe-Johnson has been appointed as a Non-Executive Director to the Board of Watches of Switzerland Group PLC, which is listed on the London Stock Exchange, with effect from 19 February 2026.
This is an additional role for the CFO and does not alter his position at Rentokil Initial. The disclosure is made in line with applicable listing rules governing director appointments and transparency requirements.
Rentokil Initial plc plans to redeem in full its €500,000,000 0.8750% Senior Unsecured Guaranteed Notes due 30 May 2026. The company has notified holders that all outstanding Notes will be redeemed on 2 March 2026 at their principal amount plus accrued interest.
After this early redemption, the Notes will be cancelled and there will be no Notes outstanding. Rentokil Initial also intends to complete the formalities to delist the Notes from the London Stock Exchange as soon as possible following the redemption date.
GIC Private Limited has filed an amended ownership report showing a 4.42% stake in Rentokil Initial plc. GIC reports beneficial ownership of 111,603,741 ordinary shares of Rentokil Initial, based on 2,526,039,885 shares of common stock outstanding.
GIC has sole voting and dispositive power over 53,934,471 shares and shares voting and dispositive power over 57,669,270 shares, including holdings managed for the Government of Singapore and the Monetary Authority of Singapore. GIC certifies the shares are not held to change or influence control of Rentokil Initial.
BlackRock Portfolio Management LLC, a Delaware entity, reports beneficial ownership of 128,274,784 Rentokil Initial PLC common shares, representing 5.1% of the class as of 12/31/2025.
The firm has sole power to vote 118,396,212 shares and sole power to dispose of all 128,274,784 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of Rentokil’s outstanding common shares.
The shares are described as acquired and held in the ordinary course of business, and not for the purpose of changing or influencing control of Rentokil Initial PLC.
Rentokil Initial plc has reported a change in a major shareholding position via a TR-1 notification. A shareholder’s total voting interest has moved to 4.98% of voting rights, all held through ordinary shares with ISIN GB00B082RF11. This represents 125,795,910 voting rights now held in the company.
The holding was previously disclosed at 5.01% of voting rights, so the latest notification reflects a small reduction that takes the position just below the 5% disclosure threshold. The update does not involve any financial instruments such as options or other derivatives, as all notified voting rights are attached directly to shares.