The Law Offices of Frank R. Cruz Announces Investigation of Rentokil Initial plc (RTO) on Behalf of Investors

Published a month ago via Business Wire

The Law Offices of Frank R. Cruz announces an investigation of Rentokil Initial plc (“Rentokil” or the “Company”) (NYSE: RTO) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On April 18, 2024, Rentokil released its first quarter 2024 financial results, disclosing that organic revenue growth in North America increased by only 1.5% year-over-year, below prior guidance of 2% for the first quarter. On this news, Rentokil’s stock price fell $2.64, or 9.3%, to close at $25.61 per share on April 18, 2024, thereby injuring investors.

Then, on September 11, 2024, Rentokil issued an unscheduled “Trading Update,” disclosing that it now expected only 1% North America organic revenue growth for the second half of 2024, explaining that “the trading performance in July and August was lower than anticipated,” and that “there has also been some modest disruption to organic growth from branch integration.” The Company further stated that the issues were “a manifestation of execution challenges.”

On this news, Rentokil’s stock price fell $6.65, or 21%, to close at $24.95 per share on September 11, 2024, thereby injuring investors further.

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If you purchased Rentokil securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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