Director/PDMR Shareholding

RNS Number : 5496J

RHI Magnesita N.V.

19 August 2019

 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

2019 Long Term Incentive Plan and Grant of Options to PDMRs

RHI Magnesita N.V. (the "Company") today announces the granting of awards under the RHI Magnesita Long Term Incentive Plan 2019 ("LTIP"), to a number of persons discharging management responsibilities ("PDMRs").

Awards will normally vest on the third anniversary of the date of grant, subject to the performance conditions disclosed on the Company's website at www.rhimagnesita.com. Shares acquired on vesting must then be retained until the fifth anniversary of the date of grant, other than to pay related taxes. 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 £41.06, being the average closing price on 12^th, 13^th, 14^th, 15^th and 16^th August 2019 of the Company's shares on the main market of the London Stock Exchange.

The following PDMRs were granted awards of nil cost Performance options:

Director/PDMR	Position	Options awarded
Stefan Borgas	Chief Executive Officer	38,397
Ian Botha	Chief Financial Officer	33,681
Gerd Schubert	Chief Operations Officer	13,599
Gustavo Goncalves Franco	Chief Sales Officer	13,549
Luis Bittencourt	Chief Technical Officer	9,633
Jacqueline Knox	Executive VP General Legal Counsel	3,952
Luiz Rossato	Executive VP Corporate Development	8,892
Simone Oremovic	Executive VP People & Culture/Corporate Communications	4,950
Thomas Jakowiak	Executive VP Integration Management	9,431

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 38,397
d)	Aggregated information	Price(s) Volume(s) nil 38,397
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 33,681
d)	Aggregated information	Price(s) Volume(s) nil 33,681
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gerd Schubert
2	Reason for the notification
a)	Position/status	Chief Operations 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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 13,599
d)	Aggregated information	Price(s) Volume(s) nil 13,599
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gustavo Goncalves Franco
2	Reason for the notification
a)	Position/status	Chief Sales 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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 13,549
d)	Aggregated information	Price(s) Volume(s) nil 13,549
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Luis Bittencourt
2	Reason for the notification
a)	Position/status	Chief Technical 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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 9,633
d)	Aggregated information	Price(s) Volume(s) nil 9,633
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jacqueline Knox
2	Reason for the notification
a)	Position/status	Executive VP General Legal Counsel
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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 3,952
d)	Aggregated information	Price(s) Volume(s) nil 3,952
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Thomas Jakowiak
2	Reason for the notification
a)	Position/status	Executive VP Integration Management
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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 9,431
d)	Aggregated information	Price(s) Volume(s) nil 9,431
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Luiz Rossato
2	Reason for the notification
a)	Position/status	Executive VP Corporate Development
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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 8,892
d)	Aggregated information	Price(s) Volume(s) nil 8,892
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simone Oremovic
2	Reason for the notification
a)	Position/status	Executive VP People and Culture Management
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 instrument Identification code	Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360
b)	Nature of the transaction	Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan 2019
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 4,950
d)	Aggregated information	Price(s) Volume(s) nil 4,950
e)	Date of the transaction	19 August 2019
f)	Place of the transaction	Outside a trading venue

For further enquiries, please contact:

Guy Marks, Head of Investor Relations
Tel [phone]
E‐mail: [e-mail]

 

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DSHLLFERTSIALIA