REG-Renewi plc Renewi plc: Positive conclusion to European Commission landfill investigation

RenewiAnnouncement

06/03/2023 08:00

============

   Renewi plc (RWI)
   Renewi plc: Positive conclusion to European Commission landfill
   investigation

   06-March-2023 / 08:00 GMT/BST

   ══════════════════════════════════════════════════════════════════════════

    6 MARCH 2023

                                        

                                   Renewi plc

                                        

       Positive conclusion to European Commission landfill investigation

                                        

   Renewi plc announces that the  European Commission (EC) has concluded  its
   formal investigation, first announced on 6 February 2020, into the alleged
   State Aid  relating to  the tax  rate applied  to certain  recycled  waste
   materials that were added to the  now closed Cetem landfill in Mont  Saint
   Guibert to contour the site for closure and rehabilitation.

    

   In its decision  published on  3 March 2023,  the EC  determined that  the
   Belgian Walloon Region did  not provide State  Aid to Renewi  Valorisation
   and Quarry NV.

    

   In the past two years, the Belgian Walloon Region and Renewi both provided
   extensive information to  the European Commission  demonstrating that  all
   materials used in  the landfill rehabilitation  were appropriate and  that
   there was  no selectivity  in the  Walloon Region’s  treatment of  Renewi.
   Renewi is pleased this  matter is now resolved  and the provision of  €15m
   taken for this liability in FY20 can be released.

    

    

   For further information:    
   Paternoster Communications Renewi plc

   +44 20 3012 0241           +44 7976 321 540
   Tom Buchanan               Adam Richford, Head of Investor Relations

    
    

   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 68%,  Renewi puts  8m 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 3 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  162
   operating sites  in  6 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.

    

   ══════════════════════════════════════════════════════════════════════════

   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   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.:   227497
   EQS News ID:    1574885


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    2 fncls.ssp?fn=show_t_gif&application_id=1574885&application_name=news&site_id=refinitiv2

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c64c172c2310ee172f6fe7581821a142&application_id=1574885&site_id=refinitiv2&application_name=news


============