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Renewi plc (RWI)
Renewi plc: Director/PDMR Shareholding
27-Jul-2020 / 15:27 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 (the "Company")
Long Term Incentive Plan ("LTIP") - 2020 awards and performance targets
Further to the shareholder consultation earlier in the year and as
referenced in the Directors' Remuneration Report contained within the
recently published Company Annual Report, the three-year performance
measures and targets relating to the Renewi plc 27 July 2020 LTIP awards
granted to the two Executive Directors are as disclosed below. The
targets will be measured over the three years ending 31 March 2023.
Performance targets for 2020 LTIP awards for Renewi plc Executive
Directors:
TSR1 ROCE EPS Recycling rate2
Weighting 25% 25% 25% 25%
Target Vesting Target Vesting Target Vesting Target Vesting
Threshold Median 25% +0.5% 25% +5.0% 25% 67% 25%
Max Upper 100% +2.0% 100% +15% 100% 70% 100%
quartile
Notes:
1. The peer group for the TSR performance target is the FTSE 250
(excluding Investment Trusts). TSR will be calculated using a
three-month averaging period at the start and end of the performance
period.
2. The recycling rate is based on a three-year target based on Renewi's
five year sustainability plan.
3. Vesting for all targets is calculated on a straight line basis.
4. For participants below Board level, ROCE is excluded as a performance
measure and the weighting of the remaining three targets are 33.3%
each.
Reflecting a lower share price, award levels for the two Executive
Directors have been based on a pre Covid-19 notional share price of
34.39p, being the 3 month average volume corrected price in the period
after the Company's ATM (thermal soil approved for use in market)
announcement of 20 December 2019. Based on the closing share price prior
to the grant date, the number of shares under award to the CEO and CFO
equates to 106% and 88% of current base salary respectively.
About Renewi
Renewi is a leading waste to product company that gives new life to used
materials every day. We have around 7,000 employees working at 162
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: 1 www.renewiplc.com.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Otto de Bont
2 Reason for the notification
a) Position/status
CEO
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 1,803,227
Aggregated information
d)
- Aggregated volume 1,803,227
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Toby Woolrych
2 Reason for the notification
a) Position/status
CFO
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 1,262,294
Aggregated information
d) 1,262,294
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Helen Richardson
2 Reason for the notification
a) Position/status
Group HR Director (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Patrick Deprez
2 Reason for the notification
a) Position/status
Group Product Sales Director (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Baukje Dreimuller
2 Reason for the notification
a) Position/status
General Counsel (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Wim Geens
2 Reason for the notification
a) Position/status
Commercial Belgium MD (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Meinderdjan Botman
2 Reason for the notification
a) Position/status
Commercial Netherlands MD (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
James Priestley
2 Reason for the notification
a) Position/status
Specialities Division MD (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Bas van Ginkel
2 Reason for the notification
a) Position/status Group Strategy and Business
Development Director (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Maarten Buikhuisen
2 Reason for the notification
a) Position/status
Chief Information Officer (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Theo Olijve
2 Reason for the notification
a) Position/status
Mineralz & Water Division MD (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 125,000
Aggregated information
d) 125,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Philip Griffin-Smith
2 Reason for the notification
a) Position/status
Group Company Secretary (PDMR)
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name
Renewi plc
b) LEI
213800CNEIDZBL17KU22
Details of the transaction(s): section to be repeated for (i) each type
4 of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the financial
instrument, type of instrument
a) Ordinary shares of 10 pence each
Identification code
GB007995243
Nature of the transaction
b) Grant of award under the Renewi plc
Long Term Incentive Plan 2020
Shares Shares
Price(s) and volume(s)
c)
Price(s) Volume(s)
£NIL 75,000
Aggregated information
d) 75,000
- Aggregated volume
£NIL
- Price
e) Date of the transaction
27 July 2020
f) Place of the transaction
Outside a trading venue
Contact
Tim Pratt, Assistant Company Secretary
Company.secretary@renewiplc.com
══════════════════════════════════════════════════════════════════════════
ISIN: GB0007995243
Category Code: DSH
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.: 78079
EQS News ID: 1102633
End of Announcement EQS News Service
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