PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER Rules 8.1 and 8.2 of the Takeover Code (the “Code”) Amendment: This form amends RNS 5912P published at 12 noon on 11 December 2024. Please refer to section 3A.
1. KEY INFORMATION
(a) Full name of discloser:
Renewi plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree
Renewi plc
(d) Is the discloser the offeror or the offeree?
OFFEREE
(e) Date position held: The latest practicable date prior to the disclosure
12 March 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”
N/A
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
Class of relevant security:
Ordinary Shares of £1.00 each par value
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
Nil
0
Nil
0
(2) Cash-settled derivatives:
Nil
0
Nil
0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
Nil
0
Nil
0
TOTAL:
Nil
0
Nil
0
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists:
Nil
Details, including nature of the rights concerned and relevant percentages:
N/A
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors’ and other employee options) of any person acting in concert with the party to the offer making the disclosure:
a) Holdings of directors of Renewi plc:
Name
Number of Ordinary Shares held
Percentage of total issued share capital (to two decimal places)
Beneficial Owner/ Controller
Otto de Bont
391,907
0.48
Otto de Bont
Annemieke den Otter
87,240
0.10
Annemieke den Otter
Luc Sterckx
28,500
0.03
Luc Sterckx and Christine Stymans*
Total:
507,647
0.63
*Close relative of Luc Sterckx
a) Options and awards held by directors of Renewi plc:
Name
Number of Renewi shares awarded
Date of grant
Date of vesting
Date of expiry
Exercise price
Deferred Annual Bonus Plan
Otto de Bont
16,272
22 June 2020
22 June 2025
22 June 2025
Nil
22,798
16 June 2022
16 June 2025
16 June 2025
Nil
24,241
19 June 2023
19 June 2026
19 June 2026
Nil
14,644
5 June 2024
5 June 2027
5 June 2027
Nil
Annemieke den Otter
18,302
19 June 2023
19 June 2026
19 June 2026
Nil
12,438
5 June 2024
5 June 2027
5 June 2027
Nil
Name
Number of Renewi shares awarded
Date of grant
Date of vesting
Date of expiry
Exercise price
LTIP
Otto de Bont
94,931
16 June 2022
16 June 2025
16 June 2025
Nil
136,590
19 June 2023
19 June 2026
19 June 2026
Nil
109,831
5 June 2024
5 June 2027
5 June 2027
Nil
Annemieke den Otter
20,432
16 June 2022
16 June 2025
16 June 2025
Nil
92,814
19 June 2023
19 June 2026
19 June 2026
Nil
74,630
5 June 2024
5 June 2027
5 June 2027
Nil
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
None.
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”
None.
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
NO
Supplemental Form 8 (SBL)
NO
Date of disclosure:
13 March 2025
Contact name:
Ute Ball
Telephone number:
020 3991 2544
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
