DJ Renewi plc: Notice of AGM
Renewi plc (RWI)
Renewi plc: Notice of AGM
18-Jun-2024 / 09:00 GMT/BST
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Notice of Annual General Meeting
Renewi plc ("Renewi" or the "Company") announces that its 2024 Annual General Meeting will be held at 11.00 a.m. on
Thursday 11 July 2024 at the offices of Ashurst LLP, London Fruit & Wool Exchange, 1 Duval Square, London E1 6PW.
Shareholders are invited to submit questions to the Board. These should be sent to company.secretary@renewi.com. When
submitting your question(s), please include your Shareholder Reference Number which can be found on your Form of Proxy
or Share Certificate. The Board will seek to respond to all questions and anticipates publishing questions and
responses on the Company's website at: www.renewi.com/agm2024.
Annual Report and Accounts 2024
Copies of the Annual Report and Notice of AGM are available to view at www.renewi.com/agm2024 and have also been
submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and the AFM
register of financial reporting at https://www.afm.nl/en/sector/registers/meldingenregisters/financiele-verslaggeving
These documents have also been mailed to those shareholders who have elected to continue to receive paper
communications.
Delivering for shareholders and maximising the value of Renewi
Over the past year, the Company has delivered against its strategy. The Company has reshaped its portfolio, including
the recently announced disposal of its UK Municipal business, delivered strong and structural increases in
profitability at Coolrec and Maltha, transformed the performance in M&W with ATM outperforming plan, and delivered
increasing cash generation. The Board and Executive Team fully recognise the need to deliver improved and sustained
value for all shareholders. They believe they have the strategy in place to achieve this and are encouraged by the
execution momentum.
That said, consistent with its fiduciary duties, the Board wishes to reiterate its willingness to objectively evaluate
all alternative routes to maximise value on a timely basis.
The Board also remains committed to strong governance, including evolution of the Board in the ordinary course, in part
to achieve the Board's ambition to meet the Board diversity targets set out in Listing Rule 9.8.6(9) by the end of
2024.
The Board looks forward to the support of the Company's shareholders at the forthcoming AGM as it continues to oversee
the delivery of the Company's strategic vision and creation of sustained value for all shareholders.
Disapplication of pre-emption rights authority
At the 2023 annual general meeting, in accordance with the Pre-Emption Group's Statement of Principles, the Company
sought authority to issue shares for cash on a non-pre-emptive basis up to a maximum of 20% of the Company's issued
share capital, spread over two resolutions (in each case, with a further authority for the purposes of making a
follow-on offer). A significant minority of our shareholders voted against the increased authority requested under the
second dis-application of pre-emption rights resolution, which did not pass. As a result, at the 2024 AGM, the Board is
proposing a single resolution for the dis-application of pre-emption rights for up to 10% of the Company's issued share
capital (plus follow-on offers), having taken into consideration the views of our shareholders.
For further information:
Renewi plc
FTI Consulting
Anne Metz, Director of Investor Relations
Richard Mountain / Ben Fletcher
+31 6 4167 9233
+44 203 727 1340
investor.relations@renewi.com
FTI_RWI@FTIconsulting.com
About Renewi
Renewi is a pure-play recycling company that focuses on extracting value from waste and used materials rather than disposing of them through incineration or landfill. The company plays an important role in combating resource scarcity by creating circular materials. In giving new life to used materials, Renewi addresses both social and regulatory trends, contributing to a cleaner and greener world.
Our vision is to be the leading waste-to-product company in the world's most advanced circular economies. With a recycling rate of 63.2%, one of the highest in Europe, Renewi puts 6.6 million tonnes of low-carbon circular materials back into use each year. This contributes to mitigating climate change and promotes the circular economy. Our recycling efforts help to protect natural resources and prevent more than 2.5 million tonnes of CO2 emissions annually.
Renewi leverages innovation and the latest technology to turn waste into circular materials such as paper, metals, plastics, glass, wood, building materials, compost, and water. We employ over 6,000 people across 154 operational sites in five countries in Europe. Renewi is recognised as a leading waste-to-product company in the Benelux region and a European leader in advanced recycling.
Visit our website for more information: www.renewi.com
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ISIN: GB00BNR4T868 Category Code: NOA TIDM: RWI LEI Code: 213800CNEIDZBL17KU22 Sequence No.: 328477 EQS News ID: 1927037 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
June 18, 2024 04:00 ET (08:00 GMT)
