RHI Magnesita N.V. Result of AGM (4223Q)

TIDMRHIM

RNS Number : 4223Q

RHI Magnesita N.V.

18 June 2020

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Result of the Annual General Meeting 2020 ("AGM")

Following the AGM held today, 18 June 2020, RHI Magnesita announces that each of the voting resolutions set out in the Notice of Meeting to Shareholders, dated 6 May 2020, were passed by the requisite majority. A poll was held on each of the resolutions proposed. The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:

 
 Resolutions                      Votes        % of votes   Votes       % of     Total votes   Total       Number 
                                   for          cast         against     votes    validly       votes       of votes 
                                                                         cast     cast          cast        withheld 
                                                                                                as a 
                                                                                                % 
                                                                                                of the 
                                                                                                relevant 
                                                                                                shares 
                                                                                                in issue 
 Resolution 3 
  To adopt the annual 
  accounts for the financial 
  year ended 31 December 
  2019                            37,678,821       100.00         100     0.00    37,784,288      76.37%     105,367 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 4 
  To release the Directors 
  from liability for 
  the exercise of their 
  respective duties during 
  the financial year 
  2019                            37,608,738        99.65     130,497     0.35    37,784,288      76.37%      45,053 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 5 
  To amend the Articles 
  of Association of the 
  Company                         37,783,138       100.00         100     0.00    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 6. a. 
  To re-elect S. Borgas           37,624,555        99.76      91,841     0.24    37,784,288      76.37%      67,892 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 6. b. 
  To re-elect I. Botha            37,724,599        99.84      58,639     0.16    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. a. 
  To re-elect H. Cordt            34,442,021        92.01   2,991,217     7.99    37,784,288      76.37%     351,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. b. 
  To re-elect W. Ruttenstorfer    37,608,232        99.54     175,006     0.46    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. c. 
  To re-elect S.O.L.B 
  Prinz zu Sayn-Wittgenstein- 
  Berleburg                       37,735,581        99.87      47,657     0.13    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. d. 
  To re-elect D.A. Schlaff        37,095,402        98.18     687,836     1.82    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. e. 
  To re-elect K. Sevelda          37,741,486        99.89      41,752     0.11    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. f. 
  To re-elect C.F. Baxter         37,666,418        99.69     116,820     0.31    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. g. 
  To re-elect J.W. Leng           37,708,139        99.80      75,099     0.20    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. h. 
  To re-elect J. Ramsay           37,508,245        99.27     274,993     0.73    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. i. 
  To re-elect A. J. Hosty         37,744,507        99.90      38,731     0.10    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. j. 
  To elect J. Ashdown             37,677,665        99.72     105,573     0.28    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 7. k. 
  To elect F. Paulus              37,744,407        99.90      38,831     0.10    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 8 
  To approve, as an advisory 
  vote, the Directors' 
  Remuneration Report 
  (excluding the Directors' 
  Remuneration Policy) 
  for the period ended 
  31 December 2019                30,616,066        81.17   7,100,330    18.83    37,784,288      76.37%      67,892 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 9 
  To establish the proposed 
  remuneration of the 
  Non -- Executive Directors      37,783,138       100.00         100     0.00    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 10 
  Authority to issue 
  ordinary shares or 
  grant rights to acquire 
  ordinary shares.                37,681,346        99.73     101,892     0.27    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 11 
  Limited disapplication 
  of pre-emption rights.          37,783,138       100.00         100     0.00    37,784,288      76.37%       1,050 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 Resolution 12 
  Authority to acquire 
  shares in the Company 
  or depositary receipts 
  of such shares.                 37,554,606        99.40     226,334     0.60    37,784,288      76.37%       3,348 
                                 -----------  -----------  ----------  -------  ------------  ----------  ---------- 
 

Notes:

1. Resolutions 1 and 2 were non-voting resolutions and are therefore not included in the table above

2. The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 49,077,705.

3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.

4. In accordance with LR 9.6.2, copies of the resolutions passed have been submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM .

   5.    These results will be available shortly on the Company's website at www.rhimagnesita.com . 

For further enquiries, please contact:

Sally Caswell, Company Secretary

Tel [phone]

E-mail: [e-mail]

Guy Marks, Head of Investor Relations

Tel [phone]

E--mail: [e-mail]

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are indispensable for industrial 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 in nearly all countries around the world. The Company has a high level of geographic diversification with around 14,000 employees in 35 main production sites and more than 70 sales offices around the world. RHI Magnesita intends to leverage its global 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.

Its shares have a premium listing on the London Stock Exchange (symbol: RHIM) and are a constituent of the FTSE 250 index. 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 [e-mail] or visit www.rns.com.

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June 18, 2020 11:38 ET (15:38 GMT)