RHI Magnesita N.V. Response to partial offer extension (5567F)
10 Julio 2023 - 11:31AM
UK Regulatory
TIDMRHIM
RNS Number : 5567F
RHI Magnesita N.V.
10 July 2023
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
RESPONSE TO ANNOUNCEMENT OF EXTENSION OF ACCEPTANCE PERIOD
RHI Magnesita notes the announcement by Ignite Luxembourg
Holdings S.à r.l. (a wholly-owned subsidiary of a number of limited
partnerships which are indirectly managed by Rhône Holdings VI
L.L.C., "Ignite"), on 10 July 2023, of the extension of the
acceptance period in respect of its voluntary partial cash offer
for 14,086,156 ordinary shares in the Company (representing 29.9%
of the issued and outstanding ordinary share capital of the
Company) (the "Offer"). The acceptance period has been extended
from its original expiry date of 10 July 2023 until 1:00 p.m.
London time on 21 July 2023.
RHI Magnesita further notes that the other terms and conditions
of the Offer (as set out in the Offer document published by Ignite
on 19 June 2023) remain unchanged. The Board's view on the Offer,
as set out in the Response Statement dated 27 June 2023, remains
unchanged.
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
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
Important information
Barclays Bank PLC, acting through its Investment Bank
("Barclays"), which is authorised by the Prudential Regulation
Authority ("PRA") and regulated in the United Kingdom by the
Financial Conduct Authority and the PRA, is acting exclusively for
RHI Magnesita and no one else in connection with the Offer and will
not be responsible to any person other than RHI Magnesita for
providing the protections afforded to the clients of Barclays nor
for providing advice in relation to the Offer or any other matters
referred to in this document.
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, 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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July 10, 2023 12:31 ET (16:31 GMT)
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