Result of AGM

RNS Number : 4223Q

RHI Magnesita N.V.

18 June 2020

 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Result of the Annual General Meeting 2020 ("AGM")

Following the AGM held today, 18 June 2020, RHI Magnesita announces that each of the voting resolutions set out in the Notice of Meeting to Shareholders, dated 6 May 2020, 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 2019	37,678,821	100.00	100	0.00	37,784,288	76.37%	105,367
Resolution 4 To release the Directors from liability for the exercise of their respective duties during the financial year 2019	37,608,738	99.65	130,497	0.35	37,784,288	76.37%	45,053
Resolution 5 To amend the Articles of Association of the Company	37,783,138	100.00	100	0.00	37,784,288	76.37%	1,050
Resolution 6. a. To re-elect S. Borgas	37,624,555	99.76	91,841	0.24	37,784,288	76.37%	67,892
Resolution 6. b. To re-elect I. Botha	37,724,599	99.84	58,639	0.16	37,784,288	76.37%	1,050
Resolution 7. a. To re-elect H. Cordt	34,442,021	92.01	2,991,217	7.99	37,784,288	76.37%	351,050
Resolution 7. b.  To re-elect W. Ruttenstorfer	37,608,232	99.54	175,006	0.46	37,784,288	76.37%	1,050
Resolution 7. c. To re-elect S.O.L.B Prinz zu Sayn-Wittgenstein- Berleburg	37,735,581	99.87	47,657	0.13	37,784,288	76.37%	1,050
Resolution 7. d.  To re-elect D.A. Schlaff	37,095,402	98.18	687,836	1.82	37,784,288	76.37%	1,050
Resolution 7. e.  To re-elect K. Sevelda	37,741,486	99.89	41,752	0.11	37,784,288	76.37%	1,050
Resolution 7. f.  To re-elect C.F. Baxter	37,666,418	99.69	116,820	0.31	37,784,288	76.37%	1,050
Resolution 7. g.  To re-elect J.W. Leng	37,708,139	99.80	75,099	0.20	37,784,288	76.37%	1,050
Resolution 7. h.  To re-elect J. Ramsay	37,508,245	99.27	274,993	0.73	37,784,288	76.37%	1,050
Resolution 7. i.  To re-elect A. J. Hosty	37,744,507	99.90	38,731	0.10	37,784,288	76.37%	1,050
Resolution 7. j.  To elect J. Ashdown	37,677,665	99.72	105,573	0.28	37,784,288	76.37%	1,050
Resolution 7. k.  To elect F. Paulus	37,744,407	99.90	38,831	0.10	37,784,288	76.37%	1,050
Resolution 8  To approve, as an advisory vote, the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the period ended 31 December 2019	30,616,066	81.17	7,100,330	18.83	37,784,288	76.37%	67,892
Resolution 9  To establish the proposed remuneration of the Non ‑ Executive Directors	37,783,138	100.00	100	0.00	37,784,288	76.37%	1,050
Resolution 10 Authority to issue ordinary shares or grant rights to acquire ordinary shares.	37,681,346	99.73	101,892	0.27	37,784,288	76.37%	1,050
Resolution 11 Limited disapplication of pre-emption rights.	37,783,138	100.00	100	0.00	37,784,288	76.37%	1,050
Resolution 12 Authority to acquire shares in the Company or depositary receipts of such shares.	37,554,606	99.40	226,334	0.60	37,784,288	76.37%	3,348

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 49,077,705.

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 the resolutions passed have been submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM .

5.  These results will be available shortly on the Company's website at www.rhimagnesita.com .

For further enquiries, please contact:

Sally Caswell, Company Secretary

Tel [phone]

E-mail: [e-mail]

Guy Marks, 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 indispensable for industrial 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 in nearly all countries around the world. The Company has a high level of geographic diversification with around 14,000 employees in 35 main production sites and more than 70 sales offices around the world. RHI Magnesita intends to leverage its global 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.

Its shares have a premium listing on the London Stock Exchange (symbol: RHIM) and are a constituent of the FTSE 250 index. For more information please visit: www.rhimagnesita.com

 

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