Renewi plc: Results of the 13 July 2023 Annual General Meeting
Renewi plc (RWI)
Renewi plc: Results of the 13 July 2023 Annual General Meeting
13-Jul-2023 / 16:35 GMT/BST
Renewi plc
("Renewi" or the "Company")
Results of the 13 July 2023 Annual General Meeting
Renewi held its annual general meeting for shareholders at 11am today. All 19 resolutions set out in the Company's Notice of Annual General Meeting dated 9 June 2023 were voted on by poll and were approved by shareholders with the exception of resolution 17. The results of the poll for each resolution are as follows:
Resolution
Votes For
Votes Against
Votes Withheld
Total votes cast (ex Votes Withheld)
No. of shares
% of shares voted
No. of shares
% of shares voted
No. of shares
No. of shares
% of Issued Share Capital
1. To receive and adopt the 2023 report and accounts
47,397,557
99.97%
13,423
0.03%
343,164
47,410,980
59.07%
2. To approve the Remuneration Report
46,230,111
97.21%
1,326,101
2.79%
197,932
47,556,212
59.26%
3. To approve the Remuneration Policy
46,585,909
97.59%
1,152,177
2.41%
16,058
47,738,086
59.48%
4. To elect Katleen Vandeweyer
47,706,419
99.92%
39,022
0.08%
8,703
47,745,441
59.49%
5. To re-elect Ben Verwaayen
37,954,619
80.45%
9,223,854
19.55%
575,671
47,178,473
58.79%
6. To re-elect Allard Castelein
47,176,598
98.81%
570,383
1.19%
7,163
47,746,981
59.49%
7. To re-elect Jolande Sap
47,127,059
98.70%
621,085
1.30%
5,405
47,748,144
59.50%
8. To re-elect Luc Sterckx
47,175,588
98.80%
570,611
1.20%
7,350
47,746,199
59.49%
9. To re-elect Neil Hartley
47,172,134
98.80%
574,362
1.20%
7,648
47,746,496
59.49%
10. To re-elect Otto de Bont
47,704,703
99.91%
40,691
0.09%
8,750
47,745,394
59.49%
11. To re-elect Annemieke den Otter
47,686,496
99.87%
60,801
0.13%
6,847
47,747,297
59.49%
12. To re-appoint BDO LLP as auditors
47,711,322
99.93%
34,845
0.07%
7,977
47,746,167
59.49%
13. To authorise the Audit Committee to determine the auditors' remuneration
47,721,551
99.95%
22,173
0.05%
10,420
47,743,724
59.49%
14. To authorise political donations / expenditure
47,174,424
98.80%
571,462
1.20%
8,203
47,745,886
59.49%
15. To authorise the company to allot ordinary shares
41,333,612
86.56%
6,415,963
13.44%
4,569
47,749,575
59.50%
16*. To disapply pre-emption rights (general authority )
43,194,802
90.50%
4,533,148
9.50%
26,194
47,727,950
59.47%
17*. To disapply pre-emption rights (additional authority)
34,949,375
73.19%
12,798,998
26.81%
5,771
47,748,373
59.50%
18*. To authorise the company to purchase its own shares
47,480,008
99.44%
268,153
0.56%
5,983
47,748,161
59.50%
19*. To authorise the Directors to call a general meeting on not less than 14 clear days' notice
46,821,576
98.06%
927,670
1.94%
4,898
47,749,246
59.50%
*Special resolution
The poll results will be available shortly on the Company's website http://www.renewi.com.
In accordance with Listing Rule 9.6.2 copies of the resolutions passed (other than those concerning ordinary business) will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board notes that resolution 17, the additional authority to disapply pre-emption rights, did not reach the required threshold to pass.
In the coming months, the Board will engage with shareholders who voted against this resolution to understand the reasons behind their voting and, in accordance with the 2018 UK Corporate Governance Code, the Company will provide an update on that engagement and any actions taken in response within six months.
A final summary of the views heard during this shareholder engagement will be included in the Annual Report and Accounts 2024, and the explanatory notes to the relevant resolution to be put to shareholders at the Company's annual general meeting in 2024 will reflect the outcomes of deliberations as appropriate.
For further information:
Paternoster Communications
+44 20 3012 0241
Renewi plc
+44 7976 321 540
Tom Buchanan
Adam Richford, Head of Investor Relations
About Renewi plc
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 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.
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ISIN: GB00BNR4T868 Category Code: RAG 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.: 257612 EQS News ID: 1679839
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