Director/PDMR Shareholding

Renewi plc (RWI)
Renewi plc: Director/PDMR Shareholding

26-Jul-2021 / 10:23 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.


Renewi Plc (the "Company")

Long Term Incentive Plan ("LTIP") - 2021 awards and performance targets

 

The three-year performance measures and targets relating to the Renewi plc LTIP awards granted to the two Executive Directors on 23 July 2021 are as disclosed below.  The targets will be measured over the three years ending 31 March 2024.

 

Performance targets for 2021 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%

70%

25%

Max

Upper quartile

100%

+2.0%

100%

+15%

100%

73%

100%

 

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 Renewi's 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.

 
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: www.renewi.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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

118,131

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

118,131

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

84,480

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

84,480

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mark Thys

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Marc den Hartog

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Daniel Post

2

 

Reason for the notification

 

a)

 

Position/status

 

Transformation 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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

12,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

12,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of £1 each

 

GB00BNR4T868

b)

 

Nature of the transaction

 

 

Grant of award under the Renewi plc Long Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Shares

 

Price(s)

Shares

 

Volume(s)

£NIL

7,500

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

7,500

 

£NIL

 

e)

 

Date of the transaction

 

23 July 2021

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.: 118467
EQS News ID: 1221601

 
End of Announcement EQS News Service

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