RHIM Rhi Magnesita N.v.

TIDMRHIM

RNS Number : 9124U

RHI Magnesita N.V.

27 November 2019

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Grant of a conditional share award under the Long Term Incentive Plan

RHI Magnesita N.V. (the "Company") today announces the granting of an award under the RHI Magnesita Long Term Incentive Plan ("LTIP"), to a person discharging management responsibilities ("PDMR").

This restricted share award to the CFO is to replace deferred bonus share awards forfeited on leaving his previous employer and joining RHI Magnesita, as disclosed in the 2018 Remuneration Report and within the Directors' Remuneration Policy.

 
 Director/PDMR            Position           Number of Shares 
 Ian Botha        Chief Financial Officer         16,592 
                 -------------------------  ----------------- 
 

Awards will normally vest on the third anniversary of the date of grant, subject to the CFO's continued employment with the Company in the three years following the Award Date. The awards are subject to clawback provisions as outlined in the LTIP rules, available on the Company's website.

No consideration is payable for the grant or vesting of awards. The price used to calculate the maximum number of ordinary shares under the LTIP was GBP38.73, being the average closing price on 19(th) , 20(th) , 21(st) , 22(nd) and 25(th) November 2019 of the Company's shares on the main market of the London Stock Exchange.

 
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                                 Award made pursuant to the Company's Long Term Incentive 
                                                              Plan 
c)  Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                               Nil        16,592 
d)  Aggregated information                                    Price(s)   Volume(s) 
                                                               Nil        16,592 
e)  Date of the transaction                                   26 November 2019 
f)  Place of the transaction                                  Outside a trading venue 
 

For further enquiries, please contact:

Guy Marks, Head of Investor Relations

Tel: +44 7932 013 357

E--mail: guy.marks@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.

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November 27, 2019 13:13 ET (18:13 GMT)

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