REG - RHI Magnesita N.V. - Director/PDMR Shareholding

RHI Magnesita NVAnnouncement

28/03/2025 16:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250328:nRSb7644Ca&default-theme=true

RNS Number : 7644C  RHI Magnesita N.V.  28 March 2025

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

RHI Magnesita N.V. announces that on 25 March 2025, a person discharging
managerial responsibilities ("PDMR") exercised share options over 58,755
ordinary shares, represented by depositary interests, of €1 each (the
"Award") in the capital of the Company ("Ordinary Shares" or "Shares").  The
Award, made under the terms of the Company's Long Term Incentive Plan
("LTIP"), was granted on 8 March 2022.

 

The Award vested on 17 March 2025, following the assessment of the performance
conditions which are disclosed in the Remuneration Report on page 224 of the
2024 Annual Report, available on the Company's website
at www.rhimagnesita.com (http://www.rhimagnesita.com/) .

 

Shares acquired on exercise must be retained until the fifth anniversary of
the date of grant, being 8 March 2027, other than to pay related taxes. Shares
are being sold to cover taxes and this is expected to conclude in the course
of the forthcoming week. The Award is 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 and being sold in the market to cover taxes. No
consideration is payable.

 

The PDMR exercised their Award as follows:

 

 Director/PDMR                        Position                 Options exercised   Shares sold to cover personal tax liabilities
 Stefan Borgas                        Chief Executive Officer  58,755              9,464

 

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 instrument  RHI Magnesita NV - Ordinary shares

      Identification code                                          Securities no.: 38785413, ISIN no.: NL0012650360

 b)   Nature of the transaction                                    1.   Exercise of an award granted on 8 March 2022 under the RHI Magnesita

                                                            Long Term Incentive Plan ("LTIP")

                                                                                                             2.
                                                                                                             Sale
                                                                                                             s of
                                                                                                             shar
                                                                                                             es
                                                                                                             to
                                                                                                             fund
                                                                                                             the
                                                                                                             tax
                                                                                                             liab
                                                                                                             ilit
                                                                                                             y
                                                                                                             due
 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        1.   Nil             58,755
                                                                                        2.   £33.21          2,920
                                                                                        3.   £33.13          3,559
                                                                                        4.   £32.35          2,985

 d)   Aggregated information

                                                                   Aggregated volume  Aggregated Price
                                                                   1.   58,755        Nil
                                                                   2.   2,920         £96,973.2
                                                                   3.   3,559         £ 117,909.67
                                                                   4.   2,985         £ 96,564.8
      - Aggregated volume                                           9,464 shares sold

      - Price                                                      £311,448

 e)   Date of the transaction                                      25 March 2025 to 27 March 2025

 f)   Place of the transaction                                     London Stock Exchange - Main Market

- Aggregated volume

 9,464 shares sold

- Price

£311,448

e)

 

Date of the transaction

 

25 March 2025 to 27 March 2025

f)

 

Place of the transaction

 

London Stock Exchange - Main Market

 

 

For further enquiries, please contact:

Chris Bucknall, Head of Investor Relations

Tel: +43 699 1870 6490

E‐mail: chris.bucknall@rhimagnesita.com
(mailto:chris.bucknall@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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFLFLRVIITFIE