RHI Magnesita N.V. Director/PDMR Shareholding (9124U)
27 Novembre 2019 - 7:13PM
UK Regulatory
TIDMRHIM
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 GBP38.73, 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 Ordinary shares of EUR1 each
instrument Securities no.: 38785413, ISIN no.: NL0012650360
Identification code
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: +44 7932 013 357
E--mail: guy.marks@rhimagnesita.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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November 27, 2019 13:13 ET (18:13 GMT)
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