Recent newspaper reports of counter bid might have some merit. Lots of buys are a bit larger than usual uninformed punters.

M.

Re-admission of shares and name change
Further to the announcement made today regarding the completion of the merger with van Gansewinkel Groep B.V. ("VGG"), the Board of Shanks confirms that Shanks' ordinary shares were re-admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities this morning, 28 February 2017, at 8.00 a.m.

Following the successful completion of the merger and re-admission of its ordinary shares, the Group will be re-launching the combined business under a new brand, which will include re-naming the Company from Shanks Group plc to Renewi plc. It is expected that the change of name will be reflected on the London Stock Exchange and the ordinary shares will trade under the new ticker "RWI" on 1 March 2017.

Renewi is a leading waste-to-product company ideally positioned to be part of the solution to some of the main environmental problems facing society today: reducing waste, avoiding pollution, and preventing the unnecessary use of finite natural resources.

The new name, Renewi, reflects the heritage of the legacy companies, their complementary businesses and expertise, and their combined position at the centre of the circular economy. The name also highlights that innovation to develop new products and high quality secondary raw materials is very much part of Renewi's future.

Following the extensive planning that has been underway prior to completion, a new senior management team has been put in place to help ensure the integration of the businesses progresses seamlessly and at pace. The new Executive Committee can be found on www.renewi.com/management.