Director/PDMR Shareholding

RNS Number : 9124U

RHI Magnesita N.V.

27 November 2019

 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Grant of a conditional share award under the Long Term Incentive Plan

RHI Magnesita N.V. (the "Company") today announces the granting of an award under the RHI Magnesita Long Term Incentive Plan ("LTIP"), to a person discharging management responsibilities ("PDMR").

This restricted share award to the CFO is to replace deferred bonus share awards forfeited on leaving his previous employer and joining RHI Magnesita, as disclosed in the 2018 Remuneration Report and within the Directors' Remuneration Policy.

Director/PDMR	Position	Number of Shares
Ian Botha	Chief Financial Officer	16,592

Awards will normally vest on the third anniversary of the date of grant, subject to the CFO's continued employment with the Company in the three years following the Award Date. 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 £38.73, being the average closing price on 19^th, 20^th, 21^st, 22^nd and 25^th November 2019 of the Company's shares on the main market of the London Stock Exchange.

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	Award made pursuant to the Company's Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 16,592
d)	Aggregated information	Price(s) Volume(s) Nil 16,592
e)	Date of the transaction	26 November 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]

 

END

 

 

DSHLLFLTLILDFIA