RHI Magnesita N.V. Transaction in Own Shares (0273N)
September 19 2019 - 12:00PM
UK Regulatory
TIDMRHIM
RNS Number : 0273N
RHI Magnesita N.V.
19 September 2019
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
Transaction in own shares
RHI Magnesita N.V. (the "Company") announces that on 19
September 2019 it purchased the following number of its ordinary
shares, represented by depositary interests ("Shares") of one euro
nominal value each pursuant to its GBP20 million share repurchase
programme to satisfy awards made under employee performance share
plans, details of which were announced on 12 August 2019 (the
"Programme").
Description of Shares: RHI Magnesita N.V. - ordinary shares
represented by depositary interests of one euro nominal value
each
Number of Shares repurchased: 14,057 Shares
Date of transaction: 19/09/2019
Time of transaction: 08:00 - 16:27
Volume weighted average price paid per Share: 4,237.2400
pence
Lowest price paid per Share: 4,214.0 pence
Highest price paid per Share: 4,268.0 pence
Venue: XLON
Broker: Barclays Capital Securities Limited
Total number of Shares repurchased pursuant to the Programme to
date: 378,110 Shares
The Company intends to hold the purchased Shares in treasury.
Following the purchase of these Shares, the remaining number of
Shares in issue will be 49,099,595 Shares (excluding treasury
shares), and the Company will hold 378,110 Shares in Treasury.
The figure of 49,099,595 may be used by shareholders (and others
with notification obligations) as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), detailed information about
the individual purchases is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/0273N_1-2019-9-19.pdf
For further enquiries, please contact:
Guy Marks, Head of Investor Relations
Tel +44 7932 013 357
E--mail: guy.marks@rhimagnesita.com
About RHI Magnesita
RHI Magnesita is the leading global supplier of high-grade
refractory products, systems and solutions which are indispensable
for industrial high-temperature processes exceeding 1,200degC in a
wide range of industries, including steel, cement, non-ferrous
metals and glass. With a vertically integrated value chain, from
raw materials to refractory products and full performance-based
solutions, RHI Magnesita serves customers in nearly all countries
around the world. The Company has a high level of geographic
diversification with more than 14,000 employees in 35 main
production sites and more than 70 sales offices around the world.
RHI Magnesita intends to leverage its global leadership in terms of
revenue, scale, product portfolio and diversified geographic
presence to target strategically those countries and regions
benefitting from more dynamic economic growth prospects.
Its shares have a premium listing on the London Stock Exchange
(symbol: RHIM) and are a constituent of the FTSE 250 index. For
more information please visit: www.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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