Renewi PLC Shares to commence trading on Euronext Amsterdam (4066B)
30 Gennaio 2020 - 08:01AM
UK Regulatory
TIDMRWI
RNS Number : 4066B
Renewi PLC
30 January 2020
30 January 2020
Renewi plc
("Renewi", the "Company" or, together with its subsidiaries, the
"Group")
Renewi's shares to commence trading on Euronext Amsterdam
London - 30 January 2020 - Renewi (LSE/AEX: RWI), the
international waste-to-product business, announces that its shares
will start trading on Euronext Amsterdam today. The Company has not
placed any new shares and continues to remain listed on the premium
segment of the Official List in London.
Renewi announced its application for the secondary listing on 20
January 2020. Renewi is the largest waste-to-product company in the
Benelux and is one of the only large-scale pure play recyclers in
the world. The secondary listing will give Continental European
investors easier access to buy shares in Euros in Amsterdam. It is
expected to contribute to liquidity in the Group's shares through
its increased profile in the Benelux, and the Renewi brand is
strongly aligned with Dutch economic and societal interest in the
circular economy. The listing will increase Renewi's visibility in
the Netherlands which accounts for around 65% of Group revenue
through the Commercial Waste Netherlands Division, the Hazardous
Waste Division and elements of the Monostreams Division.
Otto de Bont, Chief Executive Officer of Renewi, commented: "We
are delighted to have completed the secondary listing, a natural
development reflecting Renewi's core Benelux presence. Through
government legislation and the demands of consumers and companies
for sustainable solutions, the Benelux is driving the circular
agenda. The secondary Euronext listing will provide greater access
for European investors, including those who are increasingly
focused on ESG investing and the Green proposition.
"Renewi's strategy is focused on meeting the growing long-term
demand for recycling and for secondary materials. The circular
economy is evolving fast and demand for high quality secondary
materials is set to continue to show strong growth, presenting a
huge opportunity for Renewi.
"We look forward to capitalising on our enhanced Benelux focus
and increasing our profile amongst the wider European investment
community."
The secondary listing has been supported by Rabobank-Kepler
Cheuvreux as listing agent.
A copy of the summary document regarding the Admission to
Listing and Trading on Euronext Amsterdam can be found on the
Investor Relations section of the Company website.
For further information:
Renewi plc +44 (0)1908 650580
Otto de Bont - Chief Executive Officer
Toby Woolrych - Chief Financial Officer
Michelle James - Head of Communications
FTI Consulting +44 (0)20 3727 1340
Richard Mountain/Susanne Yule
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 174 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.renewiplc.com.
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END
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