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Renewi shares commence trading on Euronext Amsterdam

30 January 2020

Renewi plc (LSE: RWI, Euronext: RWI), the international waste-to-product business, announces that its shares will commence trading at 09:00 CET today on Euronext Amsterdam under ticker ‘RWI’.

Renewi believes that admission to trading of the shares on Euronext Amsterdam will be beneficial to the Company and its shareholders for a number of reasons including: easier access for shareholders choosing to invest in euros, the alignment of Renewi’s brand with Benelux economic and societal interest in the circular economy, and the brand’s visibility to Benelux investors. In addition, the secondary listing is expected to contribute to liquidity in the Group’s shares through its increased profile in the region and expanded research coverage.

Renewi is an established leader in the Benelux, with the region accounting for over 90% of the Group. The Netherlands and Belgium are the most advanced circular economies in the world with the highest recycling rates and the most ambitious targets. [The Dutch Government for example has a target that by 2030, 50% of all raw materials used in the Netherlands should be derived from a secondary source, rising to 100% by 2050.] Renewi provides an extensive range of innovative waste-to-product services, central to supporting and accelerating the circular economy.

The Company will not place any new shares in connection with its application for a secondary listing on Euronext and will remain listed on the premium segment of the Official List in London.

Otto de Bont, Chief Executive Officer, 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.”