Source - LSE Regulatory
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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