REG-Renewi plc Renewi plc: Annual Report and Accounts 2021, Notice of Annual General Meeting and Timetable for Proposed Share Capital Consolidation
11/06/2021 07:05
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Renewi plc (RWI)
Renewi plc: Annual Report and Accounts 2021, Notice of Annual General
Meeting and Timetable for Proposed Share Capital Consolidation
11-Jun-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
EQS Group.
The issuer is solely responsible for the content of this announcement.
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Renewi plc
("Renewi" or the "Company")
Annual Report and Accounts 2021, Notice of Annual General Meeting and
Timetable for Proposed Share Capital Consolidation
Following the release of its final results for the year ended 31 March
2021 on 27 May 2021, Renewi announces that it has today published its
Annual Report and Accounts 2021.
Copies of the Annual Report and Notice of Annual General Meeting are
available to view at 1 www.renewiplc.com/agm2021 and will be submitted to
the National Storage Mechanism at
2 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Hard copies of these documents have also been posted to those shareholders
who have elected to continue to receive paper communications.
The Renewi 2021 Sustainability Review has also been published on the
website at 3 www.renewiplc.com.
Following the publication of the notice of Annual General Meeting, Renewi
also announces that its Annual General Meeting will be held at 11am on
Thursday 15 July 2021 at its Milton Keynes offices in the UK. However, due
to remaining uncertainty concerning any ongoing Covid-19 restrictions,
shareholders are strongly encouraged to submit their votes by proxy and to
appoint the Chair of the AGM as their proxy. We will continue to review
our AGM arrangements in light of the latest Government regulations and
guidance, and any changes will be communicated to shareholders before the
meeting on www.renewiplc.com.
Shareholders are invited to ask questions of the Board. These should be
sent to: company.secretary@renewi.com. When submitting your question,
please include your Shareholder Reference Number ('SRN') which can be
found on your Form of Proxy or Share Certificate. The Board will also seek
to respond to all questions and anticipates publishing questions and
responses on the Company's website at: 4 www.renewiplc.com/agm2021.
Responses to similar questions will be grouped. Responses to questions
received by 5.00 p.m. on Monday 5 July 2021 are expected to be published
by no later than 11.00 a.m. on Monday 12 July 2021, which will provide
shareholders with the opportunity to read the responses before submitting
their proxy votes.
Share Consolidation
As announced on 27 May 2021, the Board is seeking shareholder approval at
the AGM for a consolidation of the Company's share capital on the basis of
1 new ordinary share with a nominal value of £1.00 each for every 10
existing ordinary shares of 10 pence each held at the record time (the
"Share Consolidation"). The Share Consolidation is expected to address
investor feedback and remove index inclusion restrictions, which together
enable a more consistent valuation of the Company. The Share Consolidation
will reduce the total number of ordinary shares in issue and is expected
to result in a share price and nominal value that the Board believes is
more appropriate for a company of the Company's size.
As all ordinary shareholdings in the Company will be consolidated,
shareholders' percentage holdings in the issued share capital of the
Company will (save in respect of fractional entitlements) remain
unchanged.
As further explained in the Notice of Meeting, fractional entitlements
arising from the Share Consolidation will be aggregated and sold in the
market. The net proceeds of such sale (after deduction of expenses of the
sale) will be distributed in due proportion among the relevant
shareholders, except that any individual entitlements of £5.00 or less
will be retained by the Company and donated to charity. It is intended to
split any donation between "Young Minds" and "Wijzijnmind/mindyoung", both
being charities championing the wellbeing and mental health of young
people in the UK and the Netherlands respectively.
The International Securities Identification Number (ISIN) of the New
Ordinary Shares will be GB00BNR4T868.
Further information on the Share Consolidation is set out in the Notice of
Meeting available at: 5 www.renewiplc.com/agm2021.
Expected Timetable
The expected timetable of events in relation to the Share Consolidation is
as follows;
Expected timetable of principal events for the Share Consolidation
Posting of Notice of AGM (including
information on Share Consolidation) and form Friday 11 June 2021
of proxy
Latest time and date for receipt Electronic 11.00 a.m. on Tuesday 13
Proxy Instructions, Form of Proxy or CREST July 2021
Proxy Instruction in respect of the AGM
Record time and date for voting at AGM 6.00 p.m. on Tuesday 13
July 2021
Latest time and date for transfers of Existing
Ordinary Shares between CREST and Euroclear 4.30 p.m. Wednesday 14 July
Nederland prior to the Record Time.
Annual General Meeting 11.00 a.m. on Thursday 15
July 2021
Announcement of results of the Annual General Thursday 15 July 2021
Meeting
Latest time for dealings in Existing Ordinary 4.30 p.m. Friday 16 July
Shares on the Main Market 2021
Latest time for dealings in Existing Ordinary 5.30 p.m. (CEST) Friday 16
Shares on Euronext Amsterdam July 2021
Record Time for determining entitlement under 6.00 p.m. Friday 16 July
Share Consolidation (for shares traded on the 2021
Main Market)
Effective time and date of the Share 8.00 a.m. Monday 19 July
Consolidation 2021
Admission of New Ordinary Shares to the
Official List and trading on the Main Market 8.00 a.m. Monday 19 July
and the commencement of dealings in New 2021
Ordinary Shares
Admission of New Ordinary Shares to listing
and trading on Euronext Amsterdam and the 9.00 a.m. (CEST) Monday 19
commencement of dealings in New Ordinary July 2021
Shares
CREST accounts credited with New Ordinary As soon as practicable
Shares (for shares held in uncertificated after 8.00 a.m. Monday 19
form) July 2021
Record Time for determining entitlement under 6.00 p.m. (CEST) Tuesday 20
Share Consolidation (for shares held through July 2021
Euroclear Nederland)
Stock accounts held with intermediaries
credited with entitlements to New Ordinary By 9.00 a.m. (CEST)
Shares (for shares held through Euroclear Wednesday 21 July 2021
Nederland)
Despatch of share certificates in respect of
New Ordinary Shares (for shares held in W/c 26 July 2021
certificated form)
Despatch of cheques and CREST accounts
credited (where applicable) in respect of
fractional entitlements arising from the Share W/c 26 July 2021
Consolidation (subject to de minimis payment
of £5.00)
Stock accounts held with intermediaries
credited in respect of fractional entitlements W/c 26 July 2021
arising from Share Consolidation
Notes:
1. All time references in the table above are to London time unless
otherwise stated.
2. All events in the above timetable scheduled to take place after the
Annual General Meeting in respect of the Share Consolidation are
conditional on the
approval by shareholders of the Share Consolidation as proposed. All
events in the timetable from Admission of the New Ordinary Shares are also
conditional upon Admission occurring.
If shareholders have any further questions regarding the share
consolidation proposals, they may telephone the Shareholder Helpline
operated by our Registrars, Computershare, on Tel: 0370 707 1290 (from
within the UK) or +44(0)370 707 1290 (if calling from outside the UK).
Lines are open from 9.00 a.m. to 5.30 p.m. (London time) Monday to Friday
(except UK public holidays).
Calls from the UK mainland will be charged at your service provider's
national rate; different charges may apply to mobile telephones. Calls may
be recorded and randomly monitored for security and training purposes.
Please note that the Shareholder Helpline operators will be unable to give
advice on the merits of the Share Consolidation or to provide financial,
investment, legal or taxation advice. Shareholders are recommended to
consult their own independent professional adviser.
About Renewi
Renewi is a leading waste to product company that gives new life to used
materials every day. We have around 6,500 employees working at 165
operating sites across Europe. Our extensive operational network means we
are always close to our customers.
For Renewi, waste is a state of mind, and an opportunity. Our many years
of knowledge and experience, combined with a broad range of services,
allow us to offer sustainable, practical recycling solutions. We use
innovation and the latest technology to turn waste into useful materials
such as paper, metal, plastic, glass, wood, building materials, compost
and energy. In other words, we turn today's waste into tomorrow's raw
materials. The result of our work is less waste and contamination, a
smarter use of scarce raw materials, and a reduction in carbon emissions.
This means that we are contributing towards a cleaner, circular world in
which we "waste no more".
Visit our website for more information: 6 www.renewiplc.com
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ISIN: GB0007995243
Category Code: ACS
TIDM: RWI
LEI Code: 213800CNEIDZBL17KU22
OAM Categories: 1.1. Annual financial and audit reports
3.1. Additional regulated information required to be
disclosed under the laws of a Member State
1.1. Annual financial and audit reports
Sequence No.: 110670
EQS News ID: 1206798
End of Announcement EQS News Service
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