Dividends & Buybacks ·
Rentokil Initial approves $200m share buyback, sells SOLitude for $180m
RKLIFRentokil Initial PLC
Rentokil Initial approved a $200 million share repurchase programme and agreed to sell its SOLitude Lake Management unit for estimated net cash proceeds of $180 million. The company reported third-quarter organic revenue growth of 3.4%, driven by strong performance in International Pest Control (5.7%) and North America Business Services (9.6%). CFO Paul Edgecliffe-Johnson will retire on January 31, 2027. Rentokil Initial operates in the pest control, hygiene, and wellbeing services industry.