RHI Magnesita N.V. Director/PDMR Shareholding
March 08 2024 - 4:29AM
RNS Regulatory News
RNS Number : 1608G
RHI Magnesita N.V.
08 March 2024
RHI
Magnesita N.V.
("RHI
Magnesita" or the "Company")
2024 Long Term
Incentive Plan and Grant of Options to PDMRs
RHI Magnesita announces the granting of awards
under the RHI Magnesita Long Term Incentive Plan ("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 in the 2023 Remuneration Report, which can be
found 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 £35.74, being the average
closing price on 29th February, and 1st,
4th, 5th and 6th March 2024 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
|
57,995
|
|
Ian Botha
|
Chief Financial Officer
|
25,425
|
|
Rajah Jayendran
|
Chief Technology Officer
|
16,624
|
|
Gustavo Franco
|
Chief Customer Officer
|
20,056
|
|
Ticiana Kobel
|
Executive Vice President,
Legal & Digital
Transformation
|
10,151
|
|
Simone
Oremovic
|
Executive Vice President People,
Projects, Global Supply Chain & IMO
|
10,151
|
|
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
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
57,995
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
nil
|
57,995
|
|
|
e)
|
Date of the transaction
|
07 March 2024
|
|
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
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
25,425
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
nil
|
25,425
|
|
|
e)
|
Date of the transaction
|
07 March 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Rajah Jayendran
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Technology 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
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
16,624
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
nil
|
16,624
|
|
|
e)
|
Date of the transaction
|
07 March 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Gustavo Franco
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Customer 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
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
20,056
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
nil
|
20,056
|
|
|
e)
|
Date of the transaction
|
07 March 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person
discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Ticiana Kobel
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Executive Vice President,
Legal & Digital Transformation
|
|
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
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
10,151
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
nil
|
10,151
|
|
|
e)
|
Date of the transaction
|
07 March 2024
|
|
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, Projects & Value Chain
|
|
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
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
10,151
|
|
|
d)
|
Aggregated information
|
|
Price(s)
|
Volume(s)
|
|
nil
|
10,151
|
|
|
e)
|
Date of the transaction
|
07 March 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
For further enquiries, please contact:
Sally Caswell, Company Secretary
T: +43 502 136 345
E: Sally.Caswell@rhimagnesita.com
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END
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