Result of AGM 2023

RHI Magnesita N.V.

24 May 2023

 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Result of the Annual General Meeting 2023 ("AGM")

Following the AGM held today, 24 May 2023, RHI Magnesita announces that each of the voting resolutions set out in the Notice of Meeting to Shareholders, dated 12 April 2023, were passed by the requisite majority. A poll was held on each of the resolutions proposed. The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:

Resolutions	Votes for	% of votes cast	Votes against	% of votes cast	Total votes validly cast	Total votes cast as a % of the relevant shares in issue	Number of votes withheld
Resolution 3 To adopt the annual accounts for the financial year ended 31 December 2022	36,135,258	99.98	7,021	0.02	36,262,449	77.13%	120,170
Resolution 4 To declare a final dividend of €1.10 per share for the financial year ended 31 December 2022	36,261,949	100.00	500	0.00	36,262,449	77.13%	0
Resolution 5 To release the directors from liability for the exercise of their respective duties during the financial year 2022	36,194,375	99.98	7,021	0.02	36,262,449	77.13%	61,053
Resolution 6. a. To re-elect S. Borgas	35,260,175	97.24	1,001,874	2.76	36,262,449	77.13%	400
Resolution 6. b. To re-elect I. Botha	35,967,999	99.19	294,050	0.81	36,262,449	77.13%	400
Resolution 7. a. To re-elect H. Cordt	31,107,981	85.83	5,133,725	14.17	36,262,449	77.13%	20,743
Resolution 7. b.  To re-elect J. Ramsay	35,681,549	98.40	580,500	1.60	36,262,449	77.13%	400
Resolution 7. c. To re-elect J Ashdown	36,028,965	99.54	166,242	0.46	36,262,449	77.13%	67,242
Resolution 7. d.  To re-elect D. Schlaff	34,964,196	96.42	1,297,853	3.58	36,262,449	77.13%	400
Resolution 7. e.  To re-elect S.O.L.B Prinz zu Sayn-Wittgenstein- Berleburg	34,964,196	96.42	1,297,853	3.58	36,262,449	77.13%	400
Resolution 7. f.  To re-elect J. Brown	36,215,056	99.87	46,993	0.13	36,262,449	77.13%	400
Resolution 7. g.  To re-elect K. Sevelda	35,898,979	99.00	363,070	1.00	36,262,449	77.13%	400
Resolution 7. h.  To re-elect M-H. Ametsreiter	36,216,266	99.87	45,783	0.13	36,262,449	77.13%	400
Resolution 7. i.  To re-elect W. Ruttenstorfer	32,847,071	90.58	3,414,978	9.42	36,262,449	77.13%	400
Resolution 8 To re-appoint PricewaterhouseCoopers Accountants N.V. as the Company´s auditor for the financial year 2023	36,194,561	100.00	746	0.00	36,262,449	77.13%	67,142
Resolution 9 To approve, as an advisory vote, the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the period ended 31 December 2022	35,339,783	97.57	881,190	2.43	36,262,449	77.13%	41,476
Resolution 10 To establish the proposed remuneration of the Non-Executive Directors	36,261,485	100.00	964	0.00	36,262,449	77.13%	0
Resolution 11 To amend the Articles of Association of the Company	31,827,589	87.77	4,434,860	12.23	36,262,449	77.13%	0
Resolution 12 To approve the adoption and operation of the RHI Magnesita Long Term Incentive Plan	35,935,686	99.10	326,763	0.90	36,262,449	77.13%	0
Resolution 13 Authority to issue ordinary shares or grant rights to acquire ordinary shares	35,966,064	99.18	296,385	0.82	36,262,449	77.13%	0
Resolution 14 Limited disapplication of pre-emption rights.	34,865,250	96.15	1,394,409	3.85	36,262,449	77.13%	2,790
Resolution 15 Authority to limit or exclude pre-emptive rights	34,702,541	95.71	1,557,208	4.29	36,262,449	77.13%	2,700
Resolution 16 Authority to acquire shares in the Company or depositary receipts of such shares.	36,187,197	99.81	67,588	0.19	36,262,449	77.13%	7,664
Resolution 17 Authority to cancel any or all shares held in treasury or to be acquired	36,261,803	100.00	646	0.00	36,262,449	77.13%	0

Notes:

1.    Resolutions 1 and 2 were non-voting resolutions and are therefore not included in the table above.

2.    The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 47,017,695.

3.    A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.

4.    In accordance with LR 9.6.2, copies of any resolutions passed as special business will be submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

5.    These results will also shortly be available on the Company's website at https://ir.rhimagnesita.com/

For further enquiries, please contact:

Sally Caswell, Company Secretary

Tel: [phone]

E-mail: [e-mail]

Chris Bucknall, Head of Investor Relations

Tel: [phone]

E‐mail: [e-mail]

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 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.

 

END