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 12th, 13th, 14th, 15th and 16th 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 +44 7932 013 357
E‐mail: 
guy.marks@rhimagnesita.com

 

 

 

 


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