Renewi plc: 2023 AGM - Update Statement (1788963)

Renewi plc (RWI) 
Renewi plc: 2023 AGM - Update Statement 
05-Dec-2023 / 14:00 GMT/BST 
=---------------------------------------------------------------------------------------------------------------------- 
 
 
 
 
 
 
 
5 December 2023 
 
Renewi plc 
("Renewi", the "Company" or, together with its subsidiaries, the "Group") 
 
2023 AGM - Update Statement 
 
In its 2023 Annual General Meeting results announcement the Company noted that resolution 17, the second of the two 
Disapplication of Statutory Pre-Emption Rights authorities sought, did not receive sufficient support to be passed at 
the AGM and received over 20% of votes against. 
 
In accordance with provision 4 of the UK Corporate Governance Code 2018, the Board has engaged the Company's 
shareholders to understand and discuss their views with respect to this resolution. Views expressed by those 
shareholders that voted against resolution 17 included reservations concerning the increased level of capital that 
could be raised under the new authority requested, and, in certain cases, the level of the authority sought conflicted 
with shareholders' internal voting policies. The Board notes that 73.19% of shareholders voting at the AGM voted in 
favour of resolution 17 which, as a special resolution, required at least 75% of votes cast to be in favour in order to 
pass. 
 
Whilst resolutions 16 and 17 followed the provisions of the Pre-Emption Group's Statement of Principles, the Board will 
continue to keep this matter under review and have regard to the outcome of discussions with shareholders in 
determining the authorities to be sought from shareholders at its AGM in 2024. 
 
 
ENDS 
 
For further information, please contact: 
 
Dominic Murray          Anne Metz 
Group Company Secretary Director Investor Relations 
[e-mail]         [e-mail] 
 

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 64%, Renewi puts 7m 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 2.5 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 154 operating sites in 5 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: www.renewi.com.

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

-----------------------------------------------------------------------------------------------------------------------

ISIN:           GB00BNR4T868 
Category Code:  MSCL 
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.:   289588 
EQS News ID:    1788963 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1788963&application_name=news

(END) Dow Jones Newswires

December 05, 2023 09:00 ET (14:00 GMT)