Director dealings: Rentokil CEO offloads shares to fund property purchase

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