REG-Renewi plc Renewi plc: Director/PDMR Shareholding
06/06/2024 15:15
============
Renewi plc (RWI)
Renewi plc: Director/PDMR Shareholding
06-Jun-2024 / 15:00 GMT/BST
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Renewi plc (the "Company") announces the following transactions of Persons
Discharging Managerial Responsibility ("PDMR") in ordinary shares of £1
each in the share capital of the Company ("Shares").
Grant of Awards under the Long-Term Incentive Plan (“LTIP”) and Deferred
Annual Bonus Scheme (“DAB”)
2024 LTIP
On 5 June 2024, conditional awards were granted to the two Executive
Directors of the Company under the Renewi plc 2020 Long-Term Incentive
Plan, which will vest on the third anniversary of grant in accordance with
their performance conditions:
Plan Participant Award Vesting date
2024 LTIP Otto de Bont (CEO) 109,831 5 June 2027
2024 LTIP Annemieke den Otter (CFO) 74,630 5 June 2027
The three-year performance measures and targets relating to 2024 LTIP
awards are as disclosed below. The targets will be measured over the three
years ending 31 March 2027.
TSR1 ROCE EPS Weight adjusted
recycling rate2
Weighting 25% 25% 25% 25%
Target Vesting Target Vesting Target Vesting Target Vesting
Threshold Median 25% +0.5% 25% +5.0% 25% TBC 25%
Max Upper 100% +2.0% 100% +15% 100% TBC 100%
quartile
Notes:
1. The peer group for the TSR performance target is the FTSE 250
(excluding Investment Trusts). TSR will be calculated using a
three-month averaging period at the start and end of the performance
period.
2. The weight adjusted recycling rate targets will be detailed in the
FY25 Annual Report and Accounts.
3. Vesting for all targets is calculated on a straight line basis.
A two-year post vest holding period applies to the LTIP awards granted to
Executive Directors.
2024 DAB
On 5 June 2024, conditional awards were granted to the two Executive
Directors of the Company under the Renewi plc 2024 Deferred Annual Bonus
Scheme. 50% of the 2024 DAB awards vested immediately, with a further 50%
to vest on the third anniversary of grant:
Plan Participant Award Vesting date
50% on 5 June 2024
2024 DAB Otto de Bont (CEO) 29,288
50% on 5 June 2027
50% on 5 June 2024
2024 DAB Annemieke den Otter (CFO) 24,876
50% on 5 June 2027
Both Executive Directors elected to retain all of their Shares from the
immediate DAB vest on 5 June 2024, satisfying their associated withholding
tax and social security liabilities through direct payments to the
Company.
Share Purchase
Over the two trading days 5 to 6 June 2024, Annemieke den Otter purchased
a total of 19,500 Shares on Euronext Amsterdam at an aggregated price of €
150,835.60.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Otto de Bont
2 Reason for the notification
a) Position/status
CEO
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of £1 each
Identification code
GB00BNR4T868
Nature of the transaction
b) Grant of 2024 award under the Renewi
plc Long Term Incentive Plan
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 109,831
Aggregated information
d) 109,831
- Aggregated volume
£NIL
- Price
e) Date of the transaction
5 June 2024
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Annemieke den Otter
2 Reason for the notification
a) Position/status
CFO
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of £1 each
Identification code
GB00BNR4T868
Nature of the transaction
b) Grant of 2024 award under the Renewi
plc Long Term Incentive Plan
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 74,630
Aggregated information
d) 74,630
- Aggregated volume
£NIL
- Price
e) Date of the transaction
5 June 2024
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Otto de Bont
2 Reason for the notification
a) Position/status
CEO
b) Initial notification
/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of £1 each
Identification code
GB00BNR4T868
Nature of the transaction Grant of 2024 award of 29,288 shares
b) under the Deferred Annual Bonus Scheme,
50% of which vested immediately, 50% of
which will vest on 5 June 2027
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 29,288
Aggregated information
d) 29,288
- Aggregated volume
£NIL
- Price
e) Date of the transaction
5 June 2024
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Annemieke den Otter
2 Reason for the notification
a) Position/status
CFO
b) Initial notification
/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial instrument,
type of instrument
a) Ordinary shares of £1 each
Identification code
GB00BNR4T868
Nature of the
b) transaction Grant of 2024 award of 24,876 shares under
the Deferred Annual Bonus Scheme, 50% of which
vested immediately, 50% of which will vest on 5
June 2027
Shares Shares
Price(s) and volume(s)
c) Price(s) Volume(s)
24,876
£NIL
Aggregated information
d) 24,876
- Aggregated volume
£NIL
- Price
e) Date of the transaction
5 June 2024
f) Place of the
transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Annemieke den Otter
2 Reason for the notification
a) Position/status
CFO
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of £1 each
Identification code
GB00BNR4T868
Nature of the transaction
b)
Purchase of 16,072 shares
Shares Shares
Price(s) and volume(s)
c) Price(s) Volume(s)
€7.70 16,072
Aggregated information
d)
- Aggregated volume 16,072
- Price € 123,754.40
e) Date of the transaction
5 June 2024
f) Place of the transaction
Euronext Amsterdam
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Annemieke den Otter
2 Reason for the notification
a) Position/status
CFO
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of £1 each
Identification code
GB00BNR4T868
Nature of the transaction
b)
Purchase of 3,428 shares
Shares Shares
Price(s) and volume(s)
c) Price(s) Volume(s)
€7.90 3,428
Aggregated information
d)
- Aggregated volume 3,428
- Price €27,081.20
e) Date of the transaction
6 June 2024
f) Place of the transaction
Euronext Amsterdam
About Renewi
Renewi is a pure-play recycling company that focuses on extracting value
from waste and used materials rather than disposing of them through
incineration or landfill. The company plays an important role in combating
resource scarcity by creating circular materials. In giving new life to
used materials, Renewi addresses both social and regulatory trends,
contributing to a cleaner and greener world.
Our vision is to be the leading waste-to-product company in the world's
most advanced circular economies. With a recycling rate of 63.2%, one of
the highest in Europe, Renewi puts 6.6 million tonnes of low-carbon
circular materials back into use each year. This contributes to mitigating
climate change and promotes the circular economy. Our recycling efforts
help to protect natural resources and prevent more than 2.5 million tonnes
of CO2 emissions annually.
Renewi leverages innovation and the latest technology to turn waste into
circular materials such as paper, metals, plastics, glass, wood, building
materials, compost, and water. We employ over 6,000 people across 154
operational sites in five countries in Europe. Renewi is recognised as a
leading waste-to-product company in the Benelux region and a European
leader in advanced recycling.
Visit our website for more information: 1 www.renewi.com
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
ISIN: GB00BNR4T868
Category Code: DSH
TIDM: RWI
LEI Code: 213800CNEIDZBL17KU22
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 326398
EQS News ID: 1919959
End of Announcement EQS News Service
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