Director's Dealing • Jul 28, 2023
Director's Dealing
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Renewi plc (RWI) Renewi plc: Director/PDMR shareholding 27-Jul-2023 / 16:59 GMT/BST
On 27 July 2023, 173,560 Shares under the 2020 LTIP Award vested to Otto de Bont, Chief Executive Officer of Renewi plc, in accordance with associated performance conditions. Mr de Bont sold 85,714 shares to satisfy his withholding tax and social security liabilities, retaining 87,846 Shares which are subject to a two-year holding period.
| 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, auctioneer or 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 transaction; (ii) 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 | Vesting of 173,560 Shares under the 2020 LTIP Award. | |
| C ) |
Price(s) and volume(s) | Shares Price(s) £NIL |
Shares Volume(s) 173,560 |
| d ) |
Aggregated information - Aggregated volume – Price |
173,560 £ NIL |
|
| e ) |
Date of the transaction | 27 July 2023 | |
| f ) |
Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 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, auctioneer or 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 transaction; (ii) 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 | Sale of 85,714 shares vested under the Renewi plc Long Term Incentive Plan (2020 grant) on 27 July 2023 to satisfy tax and social security liabilities. |
|
| C ) |
Price(s) and volume(s) | Shares Price(s) £5.10 |
Shares Volume(s) 85,714 |
| d ) |
Aggregated information – Aggregated volume - Price |
85,714 £5.10 per share |
|
| e ) |
Date of the transaction | 27 July 2023 | |
| f ) |
Place of the transaction | London Stock Exchange, Main Market (XLON) |
Renewi is a pure-play recycling company with a focus on extracting value from waste and used materials rather than disposal through incineration or landfil. 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'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 64%, 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 more than 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.
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
| Category Code: DSH TIDM: RWI |
|---|
| LEI Code: 213800CNEIDZBL17KU22 |
| 3.1. Additional regulated information required to be disclosed OAM Categories: under the laws of a Member State |
| Sequence No.: 260731 |
| 1690387 EQS News ID: |
End of Announcement
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