REG-Renewi plc Renewi plc: Opening Position Disclosure

RenewiAnnouncement

11/10/2023 16:30

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   Renewi plc (RWI)
   Renewi plc: Opening Position Disclosure

   11-Oct-2023 / 16:15 GMT/BST

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                                                                 FORM 8 (OPD)

                                        

           PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

              Rules 8.1 and 8.2 of the Takeover Code (the “Code”)

                                        

   1. KEY INFORMATION

    

   (a) Full name of discloser:                                Renewi plc
   (b) Owner or controller of interests and short positions
   disclosed, if different from 1(a):
                                                               
    The naming of nominee or vehicle companies is
   insufficient.  For a trust, the trustee(s), settlor and
   beneficiaries must be named.
   (c) Name of offeror/offeree in relation to whose relevant
   securities this form relates:                              Renewi plc

    Use a separate form for each offeror/offeree
   (d) Is the discloser the offeror or the offeree?           OFFEREE
   (e) Date position held:
                                                              10 October 2023
    The latest practicable date prior to the disclosure
   (f) In addition to the company in 1(c) above, is the
   discloser making disclosures in respect of any other party N/A
   to the offer?
                                                               
    If it is a cash offer or possible cash offer, state “N/A”

    

   2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

    

   If there are positions or rights to subscribe to disclose in more than one
   class of relevant securities of the offeror or offeree named in 1(c), copy
   table 2(a) or (b) (as appropriate) for each additional class of relevant
   security.

    

   (a) Interests and short positions in the relevant securities of the
   offeror or offeree to which the disclosure relates

    

   Class of relevant security:
                                      Ordinary Shares of £1.00 each par value
    
                                          Interests        Short positions

                                        Number      %      Number        %
   (1) Relevant securities owned          Nil       0        Nil         0
   and/or controlled:
   (2) Cash-settled derivatives:
                                          Nil       0        Nil         0
    
   (3) Stock-settled derivatives
   (including options) and agreements     Nil       0        Nil         0
   to purchase/sell:
    
                                          Nil       0        Nil         0
    TOTAL:

    

   All interests and all short positions should be disclosed.

    

   Details of any open stock-settled derivative positions (including traded
   options), or agreements to purchase or sell relevant securities, should be
   given on a Supplemental Form 8 (Open Positions).

    

   Details of any securities borrowing and lending positions or financial
   collateral arrangements should be disclosed on a Supplemental Form 8
   (SBL).

    

   (b) Rights to subscribe for new securities

    

   Class of relevant security in relation to which subscription right     Nil
   exists:
   Details, including nature of the rights concerned and relevant         N/A
   percentages:

    

    

   3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER
   MAKING THE DISCLOSURE

    

   Details of any interests, short positions and rights to subscribe
   (including directors’ and other employee options) of any person acting in
   concert with the party to the offer making the disclosure:
    

    a. Holdings of directors of Renewi plc:

    

                    Number of    Percentage of total issued Beneficial Owner/
       Name      Ordinary Shares   share capital (to two       Controller
                      held            decimal places)
   Otto de Bont  329,272         0.41                       Otto de Bont
   Annemieke den 55,302          0.07                       Annemieke den
   Otter                                                    Otter
   Luc Sterckx   28,500          0.04                       Luc Sterckx and
                                                            Christine Stymans
   Total:        413,074         0.51                        

    

    b. Options and awards held by directors of Renewi plc:

    

       Name      Number of Renewi  Date of   Date of      Date of    Exercise
                  shares awarded    grant    vesting       expiry     price
   Deferred Annual Bonus Plan
   Otto de Bont  32,542            22 June 22 June      22 June      Nil
                                   2020    2024/2025*   2024/2025*
                 18,229            23 July 23 July 2024 23 July 2024 Nil
                                   2021
                 22,798            16 June 16 June 2025 16 June 2025 Nil
                                   2022
                 24,242            19 June 19 June 2026 19 June 2026 Nil
                                   2023
   Annemieke den
   Otter         18,302            19 June 19 June 2026 19 June 2026 Nil
                                   2023
    
   Name          Number of Renewi  Date of Date of      Date of      Exercise
                 shares awarded    grant   vesting      expiry       price
   LTIP
   Otto de Bont  118,131           23 July 23 July 2024 23 July 2024 Nil
                                   2021
                 94,931            16 June 16 June 2025 16 June 2025 Nil
                                   2022
                 136,590           19 June 19 June 2026 19 June 2026 Nil
                                   2023
   Annemieke den 92,814            19 June 19 June 2026 19 June 2026 Nil
   Otter                           2023
                 20,432            16 June 16 June 2025 16 June 2025 Nil
                                   2022

    

   * 50% of these shares will be released on 22 June 2024 and other 50% on 22
   June 2025.

    

   Details of any open stock-settled derivative positions (including traded
   options), or agreements to purchase or sell relevant securities, should be
   given on a Supplemental Form 8 (Open Positions).

    

   Details of any securities borrowing and lending positions or financial
   collateral arrangements should be disclosed on a Supplemental Form 8
   (SBL).

    

   4. OTHER INFORMATION

    

   (a) Indemnity and other dealing arrangements

    

   Details of any indemnity or option arrangement, or any agreement or
   understanding, formal or informal, relating to relevant securities which
   may be an inducement to deal or refrain from dealing entered into by the
   party to the offer making the disclosure or any person acting in concert
   with it:

   Irrevocable commitments and letters of intent should not be included. If
   there are no such agreements, arrangements or understandings, state “none”
    

   None.

    

    

   (b) Agreements, arrangements or understandings relating to options or
   derivatives

    

   Details of any agreement, arrangement or understanding, formal or
   informal, between the party to the offer making the disclosure, or any
   person acting in concert with it, and any other person relating to:

   (i) the voting rights of any relevant securities under any option; or

   (ii) the voting rights or future acquisition or disposal of any relevant
   securities to which any derivative is referenced:

   If there are no such agreements, arrangements or understandings, state
   “none”
    

   None.

    

    

   (c) Attachments

    

   Are any Supplemental Forms attached?

    

   Supplemental Form 8 (Open Positions) NO
   Supplemental Form 8 (SBL)            NO

    

    

           Date of disclosure: 11 October 2023
           Contact name:       Dominic Murray
           Telephone number:   +44 (0) 7855 960721

    

   Public disclosures under Rule 8 of the Code must be made to a Regulatory
   Information Service.

    

   The Panel’s Market Surveillance Unit is available for consultation in
   relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    

   The Code can be viewed on the Panel’s website at
    1 www.thetakeoverpanel.org.uk.

    

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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:  MSCM
   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.:   277458
   EQS News ID:    1746769


    
   End of Announcement EQS News Service

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