REG - RHI Magnesita N.V. - Response to intended partial cash offer

RHI Magnesita NVAnnouncement

30/05/2023 11:15

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RNS Number : 0346B  RHI Magnesita N.V.  30 May 2023

RHI Magnesita N.V.

("RHI Magnesita" the "Company" or the "Group")

RESPONSE TO ANNOUNCEMENT OF INTENDED PARTIAL CASH OFFER

 

The Board of RHI Magnesita notes the announcement today by Rhône Capital
L.L.C. of its intention to acquire, in cash, shares representing 20% of the
issued and outstanding share capital in the Company for a price of £28.50 per
share.

The Board is considering its response to the partial offer and a further
announcement will be made in due course.

 

Head of Investor Relations

Chris Bucknall

+43 699 1870 6490 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 ("Barclays")

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)

As at 30 May 2023, the total number of issued ordinary shares is 49,477,705,
including 2,438,804 ordinary shares held by the Company in its own capital.
Each ordinary share (other than the ordinary shares held by the Company)
carries one vote. Therefore, the total number of votes exercisable is
47,038,901.

 

Important information

Barclays is acting for the Company and no one else in connection with the
tender offer proposal and will not regard any other person as its client
(whether or not a recipient of this announcement) nor be responsible to any
person other than the Company for providing the protections afforded to the
clients of Barclays or for providing advice in relation to the tender offer
proposal.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the FCA, 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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