Renewi plc: Director/PDMR shareholding
Renewi plc (RWI)
Renewi plc: Director/PDMR shareholding
27-Jul-2023 / 16:59 GMT/BST
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").
Vesting of Awards under the Long-Term Incentive Plan (“LTIP”)
2020 LTIP
On 27 July 2023, 173,560 Shares under the LTIP made as 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.
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
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
Vesting of 173,560 Shares under the 2020 LTIP Award.
c)
Price(s) and volume(s)
Shares
Price(s)
Shares
Volume(s)
£NIL
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)
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
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
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)
Shares
Volume(s)
£5.10
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)
About Renewi
Renewi is a pure-play recycling company with a focus on extracting value from 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’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.
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.: 260731 EQS News ID: 1690387
End of Announcement EQS News Service