RHI Magnesita N.V. Replacement: Exercise of LTIP Options by PDMRs (9759C)
16 Junio 2023 - 1:00AM
UK Regulatory
TIDMRHIM
RNS Number : 9759C
RHI Magnesita N.V.
16 June 2023
The following amendment has been made to the Exercise of LTIP
Options by PDMRs announcement released on 31 May 2023 under RNS No.
2075B
The initial summary table incorrectly showed options exercised
as 21,497 whereas it should have stated 21,947.
All other details remain unchanged and the full amended text is
shown below.
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 EUR1 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 .
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 Shares sold
exercised to cover
personal
tax liabilities
Stefan Borgas Chief Executive Officer 50,042 0
------------------------- ----------- -----------------
Ian Botha Chief Financial Officer 21,947 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 Ordinary shares of EUR1 each
instrument Securities no.: 38785413, ISIN no.: NL0012650360
Identification code
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
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 Ordinary shares of EUR1 each
instrument Securities no.: 38785413, ISIN no.: NL0012650360
Identification code
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
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 1,200degC 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFIFSERAIRLIV
(END) Dow Jones Newswires
June 16, 2023 02:00 ET (06:00 GMT)
Rhi Magnesita N.v (LSE:RHIM)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rhi Magnesita N.v (LSE:RHIM)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
