REG-Renewi plc Renewi plc: Notice of AGM

RenewiAnnouncement

18/06/2024 09:00

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Renewi plc (RWI)
Renewi plc: Notice of AGM

18-Jun-2024 / 09:00 GMT/BST

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Notice of Annual General Meeting

 

Renewi plc ("Renewi"  or the  "Company") announces  that its  2024 Annual  General
Meeting will be  held at 11.00  a.m. on Thursday  11 July 2024  at the offices  of
Ashurst LLP, London Fruit & Wool Exchange, 1 Duval Square, London E1 6PW.

 

Shareholders are invited to submit questions to the Board. These should be sent to
company.secretary@renewi.com. When  submitting  your question(s),  please  include
your Shareholder Reference  Number which can  be found  on your Form  of Proxy  or
Share Certificate. The Board will seek to respond to all questions and anticipates
publishing   questions   and    responses   on   the    Company’s   website    at:
www.renewi.com/agm2024.

 

Annual Report and Accounts 2024

 

Copies of  the  Annual  Report  and  Notice  of  AGM  are  available  to  view  at
 1 www.renewi.com/agm2024 and have  also been  submitted to  the National  Storage
Mechanism at  2 https://data.fca.org.uk/#/nsm/nationalstoragemechanism and the AFM
register             of             financial             reporting             at
https://www.afm.nl/en/sector/registers/meldingenregisters/financiele-verslaggeving

 

These documents have also  been mailed to those  shareholders who have elected  to
continue to receive paper communications.

 

Delivering for shareholders and maximising the value of Renewi

 

Over the past year,  the Company has delivered  against its strategy. The  Company
has reshaped its portfolio,  including the recently announced  disposal of its  UK
Municipal business, delivered strong and structural increases in profitability  at
Coolrec and  Maltha, transformed  the performance  in M&W  with ATM  outperforming
plan, and delivered increasing cash generation. The Board and Executive Team fully
recognise the need to deliver improved  and sustained value for all  shareholders.
They believe they have the strategy in place to achieve this and are encouraged by
the execution momentum.

 

That said, consistent with its fiduciary duties, the Board wishes to reiterate its
willingness to objectively evaluate all alternative routes to maximise value on  a
timely basis.

 

The Board also remains committed to strong governance, including evolution of  the
Board in the ordinary course, in part to achieve the Board’s ambition to meet  the
Board diversity targets set out in Listing Rule 9.8.6(9) by the end of 2024.

 

The Board  looks forward  to the  support  of the  Company’s shareholders  at  the
forthcoming AGM as it continues to oversee the delivery of the Company’s strategic
vision and creation of sustained value for all shareholders.

 

Disapplication of pre-emption rights authority

 

At the 2023  annual general meeting,  in accordance with  the Pre-Emption  Group's
Statement of Principles, the Company sought authority to issue shares for cash  on
a non-pre-emptive basis  up to  a maximum  of 20%  of the  Company’s issued  share
capital, spread over two resolutions (in  each case, with a further authority  for
the purposes  of  making  a  follow-on  offer).  A  significant  minority  of  our
shareholders voted  against the  increased authority  requested under  the  second
dis-application of pre-emption rights resolution, which did not pass. As a result,
at  the  2024  AGM,   the  Board  is  proposing   a  single  resolution  for   the
dis-application of pre-emption rights for up to 10% of the Company's issued  share
capital (plus follow-on offers), having taken into consideration the views of  our
shareholders.

 

For further information: 

 

Renewi plc
                                          FTI Consulting
Anne Metz, Director of Investor Relations
                                          Richard Mountain / Ben Fletcher
+31 6 4167 9233
                                          +44 203 727 1340
investor.relations@renewi.com
                                          FTI_RWI@FTIconsulting.com
 

 

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: 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.

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   ISIN:          GB00BNR4T868
   Category Code: NOA
   TIDM:          RWI
   LEI Code:      213800CNEIDZBL17KU22
   Sequence No.:  328477
   EQS News ID:   1927037


    
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