REG-Renewi plc Renewi plc: 2023 AGM – Update Statement

RenewiAnnouncement

05/12/2023 14:00

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   Renewi plc (RWI)
   Renewi plc: 2023 AGM – Update Statement

   05-Dec-2023 / 14:00 GMT/BST

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   5 December 2023

    

                                   Renewi plc

   (“Renewi”, the “Company” or, together with its subsidiaries, the “Group”)

                                        

                          2023 AGM – Update Statement

                                        

   In its 2023 Annual General Meeting results announcement the Company  noted
   that resolution  17, the  second of  the two  Disapplication of  Statutory
   Pre-Emption Rights authorities sought, did not receive sufficient  support
   to be passed at the AGM and received over 20% of votes against.

    

   In accordance with provision 4 of  the UK Corporate Governance Code  2018,
   the Board has engaged the Company’s shareholders to understand and discuss
   their views  with respect  to this  resolution. Views  expressed by  those
   shareholders  that  voted  against  resolution  17  included  reservations
   concerning the increased level of capital  that could be raised under  the
   new authority requested, and, in certain cases, the level of the authority
   sought conflicted with shareholders’  internal voting policies. The  Board
   notes that 73.19%  of shareholders voting  at the AGM  voted in favour  of
   resolution 17 which,  as a special  resolution, required at  least 75%  of
   votes cast to be in favour in order to pass.

    

   Whilst resolutions 16 and  17 followed the  provisions of the  Pre-Emption
   Group's Statement  of Principles,  the Board  will continue  to keep  this
   matter under review  and have regard  to the outcome  of discussions  with
   shareholders in determining the authorities to be sought from shareholders
   at its AGM in 2024.

                                        

                                        

                                      ENDS

                                        

   For further information, please contact: 

                            
   Dominic Murray          Anne Metz

   Group Company Secretary Director Investor Relations

   info@renewi.com         investor.relations@renewi.com
                            

    

    

   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:  1 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:  MSCL
   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.:   289588
   EQS News ID:    1788963


    
   End of Announcement EQS News Service

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