Rentokil Initial PLC Acquisition (0706W)
December 20 2013 - 2:00AM
UK Regulatory
TIDMRTO TIDMGCO
RNS Number : 0706W
Rentokil Initial PLC
20 December 2013
20 December 2013
Acquisition
Rentokil Initial plc (FTSE: RTO) has today agreed to acquire the
pest control division of Green Compliance Plc (the Business) for a
total consideration of GBP4.0m in cash: GBP3.25m in initial
consideration, with a further GBP0.75m payable over 12 months in
line with normal contractual protections and the achievement of
certain operational targets. The Business had audited revenues of
GBP5.0m for the year ended 31 March 2013. The transaction is
anticipated to complete on 31 December 2013.
Ends
About Rentokil Initial plc
Rentokil Initial is one of the largest business services
companies in the world operating in Europe, the Americas, Asia
Pacific, Middle East and Africa. It employs some 50,000 colleagues
providing a range of services including pest control, hygiene,
workwear, plants and facilities.
www.rentokil-initial.com
Enquiries:
Investors / Analysts enquiries:
Katharine Rycroft, Head of Investor Relations Rentokil Initial plc 01293 858 166
Media enquiries:
Malcolm Padley, Corporate Communications Rentokil Initial plc
07788 978 199
Justine McIlroy / Oliver Hughes Brunswick Group 020 7404
5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
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