Remuneration Information • Jun 20, 2023
Remuneration Information
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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")
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:
| Participant | Award | Vesting date | |
|---|---|---|---|
| 2023 LTIP | Otto de Bont (CEO) | 136,590 | 19 June 2026 |
| 2023 LTIP | Annemieke den Otter (CFO) |
92,814 | 19 June 2026 |
The three-year performance measures and targets relating to 2023 LTIP awards are as disclosed below. The targets will be measured over the three years ending 31 March 2026.
| ROCE EPS TSR1 |
Recycling rate | ||||
|---|---|---|---|---|---|
| --------------------- | -- | -- | -- | -- | ---------------- |
| quartile | Max Upper 100% +2.0% 100% +15% 100% 70% 100% |
|---|---|
| ---------- | ---------------------------------------------------------------------- |
Notes:
A two-year post vest holding period applies to the LTIP awards granted to Executive Directors.
On 19 June 2023, conditional awards were granted to the two Executive Directors of the Company under the Renewi plc 2014 Deferred Annual Bonus Scheme. 50% of the 2023 DAB awards vested immediately, with a further 50% to vest on the third anniversary of grant:
| Plan | Participant | Award | Vesting date |
|---|---|---|---|
| 2023 DAB | Otto de Bont (CEO) | 48,483 | 50% on 19 June 2023 50% on 19 June 2026 |
| 2023 DAB |
Annemieke den Otter (CFO) |
36,604 | 50% on 19 June 2023 50% on 19 June 2026 |
Both Executive Directors elected to retain all of their Shares from the immediate DAB vest on 19 June 2023, satisfying their associated withholding tax and social security liabilities through direct payments to the Company.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities / person closely associated
| 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 | |
| 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| a ) type of instrument |
Description of the financial instrument, | Ordinary shares of £1 each |
| Identification code | GB00BNR4T868 | |
| b Nature of the transaction ) |
Grant of 2023 award under the Renewi plc Long Term Incentive Plan |
| d ) |
Aggregated information | |
|---|---|---|
| - Aggregated volume | 136,590 | |
| - Price | £NIL | |
| e ) |
Date of the transaction | 19 June 2023 |
| 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 |
| a ) |
Name | Renewi plc | |
|---|---|---|---|
| b ) |
LEI | 213800CNEIDZBL17KU22 | |
| 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||
| a ) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £1 each GB00BNR4T868 |
|
| b ) |
Nature of the transaction | Grant of 2023 award under the Renewi plc Long Term Incentive Plan |
|
| c ) |
Price(s) and volume(s) | Shares Price(s) £NIL |
Shares Volume(s) 92,814 |
| d ) |
Aggregated information |
| Outside a trading venue | ||
|---|---|---|
| 1 Details of the person discharging managerial responsibilities / person closely | ||
| associated | ||
| Name | Otto de Bont | |
| 2 Reason for the notification | ||
| Position/status | CEO | |
| Initial Notification | ||
| 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| b | Place of the transaction Initial notification /Amendment |
| 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||
|---|---|---|---|
| a ) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £1 each GB00BNR4T868 |
|
| b ) |
Nature of the transaction | Grant of 2023 award of 48,483 shares under the Deferred Annual Bonus Scheme , 50% of which vested immediately (24,242 shares), 50% of which will vest on 19 June 2026 (24,241 shares) |
|
| c ) |
Price(s) and volume(s) | Shares Price(s) £NIL |
Shares Volume(s) 48,483 |
| d ) |
Aggregated information - Aggregated volume - Price |
48,483 £NIL |
|
| e ) |
Date of the transaction | 19 June 2023 |
| 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 |
| Identification code | GB00BNR4T868 | ||
|---|---|---|---|
| b ) |
Nature of the transaction | Grant of 2023 award of 36,604 shares under the Deferred Annual Bonus Scheme, 50% of which vested immediately, 50% of which will vest on 19 June 2026 |
|
| c ) |
Price(s) and volume(s) | Shares Price(s) £NIL |
Shares Volume(s) 36,604 |
| d ) |
Aggregated information - Aggregated volume - Price |
36,604 £NIL |
|
| e ) |
Date of the transaction | 19 June 2023 | |
| f ) |
Place of the transaction | Outside a trading venue |
waste and used materials rather than disposal through incineration or landfill. The company also plays a key role in limiting resource scarcity through the creation of secondary materials, and by so doing addresses both social and regulatory trends and contributes to creating a cleaner, greener world.
Renewi is a pure-play recycling company with a focus on extracting value from
Renewi's vision is to be the leading waste-to-product company in the world's most advanced circular economies. With an industry leading recycling rate of 63.6%, Renewi puts 7m tonnes of low carbon secondary materials back into reuse. This is a significant contribution to climate change mitigation and the circular economy. Our recycling protects virgin resources and avoids emissions of 2.5 million tonnes of CO2.
Renewi, which draws on innovation and the latest technology to turn waste into useful materials - paper, metals, plastics, glass, wood, building materials, compost and water - employs over 6,500 people who work on 154 operating sites in 5 countries across Europe and the UK. Renewi is recognised as a market leader in Benelux and a European leader in advanced recycling.
Visit our website for more information: www.renewi.com
| ટિંગિઃ | GB00BNR4T868 |
|---|---|
| Category Code: | DSH |
| TIDM: | RWI |
| LEI Code: | 213800CNEIDZBL17KU22 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws |
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