REG - RHI Magnesita N.V. - 2023 Long Term Incentive Plan Awards
06/03/2023 17:45
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RNS Number : 0632S RHI Magnesita N.V. 06 March 2023
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
2023 Long Term Incentive Plan and Grant of Options to PDMRs
RHI Magnesita N.V. today announces the granting of awards under the RHI
Magnesita Long Term Incentive Plan ("LTIP"), to a number of persons
discharging management responsibilities ("PDMRs").
Awards will normally vest on the third anniversary of the date of grant,
subject to the performance conditions disclosed in the 2022 Remuneration
Report, which can be found on the Company's website at www.rhimagnesita.com
(http://www.rhimagnesita.com/) . Shares acquired on vesting must then be
retained until the fifth anniversary of the date of grant, other than to pay
related taxes. The awards are subject to clawback provisions as outlined in
the LTIP rules, available on the Company's website.
No consideration is payable for the grant or vesting of awards. The price used
to calculate the maximum number of ordinary shares under the LTIP was £26.24,
being the average closing price on 27(th) and 28(th) February, and 1(st),
2(nd) and 3(rd) March 2023 of the Company's shares on the main market of the
London Stock Exchange.
The following PDMRs were granted awards of nil cost Performance options:
Director/PDMR Position Options awarded
Stefan Borgas Chief Executive Officer 76,929
Ian Botha Chief Financial Officer 33,728
Rajah Jayendran Chief Technology Officer 22,054
Gustavo Franco Chief Customer Officer 26,604
Ticiana Kobel Executive Vice President, Legal & Digital Transformation 13,464
Simone Oremovic Executive Vice President, People, Projects & Value Chain 13,464
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 Ordinary shares of €1 each
Identification code Securities no.: 38785413, ISIN no.: NL0012650360
b) Nature of the transaction Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 76,929
d) Aggregated information Price(s) Volume(s)
nil 76,929
e) Date of the transaction 06 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Price(s) Volume(s)
nil 76,929
e)
Date of the transaction
06 March 2023
f)
Place of the transaction
Outside a trading venue
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 instrument Ordinary shares of €1 each
Identification code Securities no.: 38785413, ISIN no.: NL0012650360
b) Nature of the transaction Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 33,728
d) Aggregated information Price(s) Volume(s)
nil 33,728
e) Date of the transaction 06 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Price(s) Volume(s)
nil 33,728
e)
Date of the transaction
06 March 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Rajah Jayendran
2 Reason for the notification
a) Position/status Chief Technology 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 Ordinary shares of €1 each
Identification code Securities no.: 38785413, ISIN no.: NL0012650360
b) Nature of the transaction Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 22,054
d) Aggregated information Price(s) Volume(s)
nil 22,054
e) Date of the transaction 06 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Price(s) Volume(s)
nil 22,054
e)
Date of the transaction
06 March 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Gustavo Franco
2 Reason for the notification
a) Position/status Chief Customer 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 Ordinary shares of €1 each
Identification code Securities no.: 38785413, ISIN no.: NL0012650360
b) Nature of the transaction Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 26,604
d) Aggregated information Price(s) Volume(s)
nil 26,604
e) Date of the transaction 06 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Price(s) Volume(s)
nil 26,604
e)
Date of the transaction
06 March 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Ticiana Kobel
2 Reason for the notification
a) Position/status Executive Vice President, Legal & Digital Transformation
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 Ordinary shares of €1 each
Identification code Securities no.: 38785413, ISIN no.: NL0012650360
b) Nature of the transaction Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 13,464
d) Aggregated information Price(s) Volume(s)
nil 13,464
e) Date of the transaction 06 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Price(s) Volume(s)
nil 13,464
e)
Date of the transaction
06 March 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Simone Oremovic
2 Reason for the notification
a) Position/status Executive Vice President, People, Projects & Value Chain
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 Ordinary shares of €1 each
Identification code Securities no.: 38785413, ISIN no.: NL0012650360
b) Nature of the transaction Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 13,464
d) Aggregated information Price(s) Volume(s)
nil 13,464
e) Date of the transaction 06 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Price(s) Volume(s)
nil 13,464
e)
Date of the transaction
06 March 2023
f)
Place of the transaction
Outside a trading venue
For further enquiries, please contact:
Sally Caswell, Company Secretary
T: +43 502 136 345
E: Sally.Caswell@rhimagnesita.com
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