RHI Magnesita
N.V.
("RHI
Magnesita" or the "Company")
Exercise of LTIP Options by
PDMR
RHI Magnesita N.V. announces that on
24 September 2024, a person discharging managerial responsibilities
("PDMR") exercised share options over 3,663 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 15 March 2021.
The Award vested on 18 March 2024,
following the assessment of the performance conditions which are
disclosed in the 2023 Remuneration Report on page 165 of the 2023
Annual Report, available on the Company's website
at www.rhimagnesita.com.
Shares acquired on exercise must be
retained until the fifth anniversary of the date of grant, being 15
March 2026, other than to pay related taxes. No shares are being
sold to cover taxes. 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. 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
|
3,663
|
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
Identification code
|
Ordinary shares of €1
each
Securities no.: 38785413, ISIN no.:
NL0012650360
|
|
b)
|
Nature of the transaction
|
Exercise of Options granted under
the Company's LTIP in 2021
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil (exercise of options)
|
3,663
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
0
|
3,663
|
|
|
e)
|
Date of the transaction
|
24 September 2024
|
|
f)
|
Place of the transaction
|
Off market
|
For further enquiries, please
contact:
Chris Bucknall, Head of Investor
Relations
Tel: +43 699 1870
6490
E‐mail: 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 22,000 employees in 47 main production sites, 9 recycling
facilities 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 is listed within the Equity
Shares (Commercial Companies) category ("ESCC") of 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
Vienna Stock Exchange (Wiener Börse). For more information please
visit: www.rhimagnesita.com
