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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Director dealings: Rentokil CEO offloads shares to fund property purchase

(Sharecast News) - Rentokil Initial said on Friday that chief executive Andy Ransom had disposed of 1.025m ordinary shares in the FTSE 100-listed business services group. Ransom, who took over as CEO in October 2013, sold the shares at an average price of 618.98p each, for a total value of £6.34m.

Rentokil highlighted that the sale marked Ransom's first in the 15 years since becoming a director of the company, with the money collected from the sale set to be used to fund a property purchase.

As of 1600 BST, Rentokil shares were up 1.57% at 621.0p.

Reporting by Iain Gilbert at Sharecast.com

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