REG - RHI Magnesita N.V. - Exercise of LTIP Options by PDMRs

RHI Magnesita NVAnnouncement

31/05/2023 13:45

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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 €1 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 (http://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 exercised  Shares sold 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 instrument  Ordinary shares of €1 each

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

 

 

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 instrument  Ordinary shares of €1 each

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

 

 

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 1,200°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/)

 

 

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