REG - RHI Magnesita N.V. - Response to partial offer extension

RHI Magnesita NVAnnouncement

10/07/2023 17:45

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RNS Number : 5567F  RHI Magnesita N.V.  10 July 2023

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

 

RESPONSE TO ANNOUNCEMENT OF EXTENSION OF ACCEPTANCE PERIOD

 

RHI Magnesita notes the announcement by Ignite Luxembourg Holdings S.à r.l.
(a wholly-owned subsidiary of a number of limited partnerships which are
indirectly managed by Rhône Holdings VI L.L.C., "Ignite"), on 10 July 2023,
of the extension of the acceptance period in respect of its voluntary partial
cash offer for 14,086,156 ordinary shares in the Company (representing 29.9%
of the issued and outstanding ordinary share capital of the Company) (the
"Offer"). The acceptance period has been extended from its original expiry
date of 10 July 2023 until 1:00 p.m. London time on 21 July 2023.

RHI Magnesita further notes that the other terms and conditions of the Offer
(as set out in the Offer document published by Ignite on 19 June 2023) remain
unchanged. The Board's view on the Offer, as set out in the Response Statement
dated 27 June 2023, remains unchanged.

 

Head of Investor Relations

Chris Bucknall

+43 699 1870 6490

chris.bucknall@rhimagnesita.com (mailto:chris.bucknall@rhimagnesita.com)

 

Financial Communications

Hudson Sandler

Mark Garraway +44 (0) 7771 860 938

Emily Dillon +44 (0) 7842 269 886

rhimagnesita@hudsonsandler.com (mailto:rhimagnesita@hudsonsandler.com)

 

Lead Financial Adviser and Corporate Broker

Barclays Bank PLC, acting through its Investment Bank

Omar Faruqui

Arthur Schuetz

Rob Mayhew

Neal West

 

Joint Financial Adviser and Corporate Broker

Peel Hunt LLP

Mike Bell

Tom Ballard

Ben Harrington

 

 

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 1,200°C 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
(http://www.rhimagnesita.com)

Important information

Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is
authorised by the Prudential Regulation Authority ("PRA") and regulated in the
United Kingdom by the Financial Conduct Authority and the PRA, is acting
exclusively for RHI Magnesita and no one else in connection with the Offer and
will not be responsible to any person other than RHI Magnesita for providing
the protections afforded to the clients of Barclays nor for providing advice
in relation to the Offer or any other matters referred to in this document.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting exclusively as joint
financial adviser and corporate broker to RHI Magnesita and for no one else in
connection with the matters referred to in this Announcement and will not be
responsible to any person other than RHI Magnesita for providing the
protections afforded to clients of Peel Hunt, nor for providing advice in
relation to the matters referred to herein. Neither Peel Hunt nor any of its
affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Peel Hunt in connection with
the matters referred to in this Announcement, or otherwise.

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