BlackRock Portfolio Management LLC amends a Schedule 13G to report beneficial ownership of 175,098,972 shares of Rentokil Initial plc common stock, representing 6.9% of the class. The filing shows sole voting power for 162,993,738 shares and sole dispositive power for 175,098,972 shares.
The amendment is signed by a BlackRock managing director and reflects holdings reported by certain BlackRock business units under SEC Release No. 34-39538.
Positive
None.
Negative
None.
Insights
Routine beneficial-ownership disclosure for a large passive holder.
This Schedule 13G/A amendment documents a substantial passive holding: 175,098,972 shares (6.9%). The filing classifies voting and dispositive powers, indicating control over vote direction for 162,993,738 shares as reported.
Impact depends on trading behavior; the schedule itself signals passive institutional ownership rather than active control. Subsequent Form 13D or changes in voting classification would be material.
Filing follows SEC passive-investor disclosure conventions and cites Release 34-39538.
The document is an amendment under Schedule 13G/A and includes required items: issuer name, CUSIP, amount beneficially owned, percent of class, and voting/dispositive powers. It also references Exhibit 24 and Exhibit 99 for power of attorney and subsidiary identification.
For legal monitoring, watch for any reclassification to Schedule 13D or additional exhibits that identify subsidiaries or beneficial owners.
Key Figures
Beneficial ownership:175,098,972 sharesPercent of class:6.9%Sole voting power:162,993,738 shares+1 more
4 metrics
Beneficial ownership175,098,972 sharesAmount beneficially owned reported in Item 4
Percent of class6.9%Percent of class reported in Item 4
Sole voting power162,993,738 sharesNumber with sole power to vote as reported in Item 4
Sole dispositive power175,098,972 sharesNumber with sole power to dispose as reported in Item 4
Key Terms
Schedule 13G/A, Beneficially owned, Sole dispositive power
3 terms
Schedule 13G/Aregulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998)"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially ownedfinancial
"Amount beneficially owned: 175,098,972"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 175,098,972"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
RENTOKIL INITIAL PLC /FI
(Name of Issuer)
Common Stock
(Title of Class of Securities)
SB082RF10
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
SB082RF10
1
Names of Reporting Persons
BlackRock Portfolio Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
162,993,738.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
175,098,972.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
175,098,972.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.9 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
RENTOKIL INITIAL PLC /FI
(b)
Address of issuer's principal executive offices:
COMPASS HOUSE, MANOR ROYAL, CRAWLEY, UNITED KINGDOM, RH10 9PY
Item 2.
(a)
Name of person filing:
BlackRock Portfolio Management LLC
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock Portfolio Management LLC, 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
SB082RF10
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
175,098,972
(b)
Percent of class:
6.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
162,993,738
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
175,098,972
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Rentokil Initial PLC. No one person's interest in the common stock of Rentokil Initial PLC is more than five percent of the total outstanding common shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BlackRock reports beneficial ownership of 175,098,972 shares, equal to 6.9%. The Schedule 13G/A lists voting and dispositive powers and identifies the holding as reported by BlackRock business units.
Does the filing show who controls voting for Rentokil (RTO)?
Yes. The filing shows sole voting power for 162,993,738 shares. It also reports sole dispositive power for 175,098,972 shares, as disclosed in Item 4 of the amendment.
Is this a passive Schedule 13G or an active Schedule 13D filing?
This is a Schedule 13G/A amendment, indicating passive reporting under SEC Release No. 34-39538. It does not assert activist intent or control adjustments that would trigger Schedule 13D.
When was the amendment signed and filed?
The amendment is signed by Spencer Fleming, Managing Director, on 04/30/2026. The cover shows a date reference of 03/31/2026 associated with the CUSIP line in the excerpt.
Are subsidiaries or other parties identified as holding RTO shares?
The filing notes holdings reflect certain Reporting Business Units of BlackRock, Inc. Exhibit 99 and Item 7 are referenced for subsidiary identification; the excerpt indicates an exhibit exists but does not list subsidiary names.
