RHI Magnesita N.V. Response to intended partial cash offer (0346B)
30 Mayo 2023 - 5:05AM
UK Regulatory
TIDMRHIM
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 GBP28.50 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
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 1,200degC 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
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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END
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(END) Dow Jones Newswires
May 30, 2023 06:05 ET (10:05 GMT)
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