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RHIM Rhi Magnesita N.v.

3,546.00
0.00 (0.00%)
Last Updated: 08:00:48
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rhi Magnesita N.v. LSE:RHIM London Ordinary Share NL0012650360 ORD EUR1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3,546.00 3,552.00 3,660.00 37 08:00:48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Clay Refractories 3.57B 164.6M 3.4924 10.15 1.67B

RHI Magnesita N.V. Exercise of LTIP Options by PDMRs (2075B)

31/05/2023 1:40pm

UK Regulatory


Rhi Magnesita N.v (LSE:RHIM)
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TIDMRHIM

RNS Number : 2075B

RHI Magnesita N.V.

31 May 2023

31 May 2023

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Exercise of LTIP Options by PDMRs

RHI Magnesita N.V. announces that on 30 May 2023, certain persons discharging managerial responsibilities ("PDMRs") have exercised share options over 71,989 ordinary shares, represented by depositary interests, of EUR1 each (the "Awards") in the capital of the Company ("Ordinary Shares" or "Shares"). The Awards, made under the terms of the Company's Long Term Incentive Plan ("LTIP"), were granted on 8 April 2020.

The Awards vested on 5 May 2023, following the assessment of the performance conditions as disclosed in the 2022 Remuneration Report on page 132 of the 2022 Annual Report, which can be found on the Company's website at www.rhimagnesita.com.

Shares acquired on exercise must be retained until the fifth anniversary of the date of grant, being 8 April 2025, other than to pay related taxes. No shares are being sold to cover taxes. The Awards are subject to clawback provisions as outlined in the LTIP rules, available on the Company's website.

To satisfy the exercise of these Awards, Shares are being transferred from the Company's treasury account. No consideration is payable for the vesting of Awards.

PDMRs exercised their Awards as follows:

 
 Director/PDMR    Position                    Options        Shares sold 
                                              exercised    to cover personal 
                                                            tax liabilities 
 Stefan Borgas    Chief Executive Officer      50,042             0 
                 -------------------------  -----------  ------------------- 
 Ian Botha        Chief Financial Officer      21,497             0 
                 -------------------------  -----------  ------------------- 
 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

 
1   Details of the person discharging managerial responsibilities/person closely associated 
 
a)  Name                                                      Stefan Borgas 
2   Reason for the notification 
a)  Position/status                                           Chief Executive Officer 
b)  Initial notification/Amendment                            Initial notification 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      RHI Magnesita N.V. 
b)  LEI                                                       724500UWG6A61XNA3Y36 
                                                               National company register number: 68991665 
4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
     each type of transaction; (iii) each date; and (iv) each place where transactions have been 
     conducted 
a)  Description of the financial instrument, type of          Ordinary shares of EUR1 each 
    instrument                                                 Securities no.: 38785413, ISIN no.: NL0012650360 
    Identification code 
b)  Nature of the transaction                                 Exercise of Options granted under the Company's LTIP in 
                                                              2020 
c)  Price(s) and volume(s)                                     Price(s)            Volume(s) 
                                                                Nil (exercise of 
                                                                 options)           50,042 
                                                                                   ---------- 
d)  Aggregated information                                     Price(s)   Volume(s) 
                                                                0          50,042 
                                                                          ---------- 
e)  Date of the transaction                                    30 May 2023 
f)  Place of the transaction                                  Off market 
 
 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Ian Botha 
2   Reason for the notification 
a)  Position/status                                           Chief Financial Officer 
b)  Initial notification/Amendment                            Initial notification 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      RHI Magnesita N.V. 
b)  LEI                                                       724500UWG6A61XNA3Y36 
                                                               National company register number: 68991665 
4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
     each type of transaction; (iii) each date; and (iv) each place where transactions have been 
     conducted 
a)  Description of the financial instrument, type of          Ordinary shares of EUR1 each 
    instrument                                                 Securities no.: 38785413, ISIN no.: NL0012650360 
    Identification code 
b)  Nature of the transaction                                 Exercise of Options granted under the Company's LTIP in 
                                                              2020 
c)  Price(s) and volume(s)                                     Price(s)            Volume(s) 
                                                                Nil (exercise of 
                                                                 options)                21,947 
                                                                                   ------------ 
d)  Aggregated information                                     Price(s)   Volume(s) 
                                                                0          21,947 
                                                                          ---------- 
e)  Date of the transaction                                   30 May 2023 
f)  Place of the transaction                                  Off market 
 

For further enquiries, please contact:

Chris Bucknall, Head of Investor Relations

T: +43 699 1870 6490

E: chris.bucknall@rhimagnesita.com

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200degC in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 13,500 employees in 33 main production sites and more than 70 sales offices. RHI Magnesita intends to leverage its leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefitting from more dynamic economic growth prospects.

The Group maintains a premium listing on the Official list of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the prime segment of the Vienna Stock Exchange (Wiener Börse). For more information please visit: www.rhimagnesita.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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May 31, 2023 08:40 ET (12:40 GMT)

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