RHI Magnesita N.V. Transaction in Own Shares (1049Q)
February 23 2021 - 12:20PM
UK Regulatory
TIDMRHIM
RNS Number : 1049Q
RHI Magnesita N.V.
23 February 2021
RHI Magnesita N.V.
("RHI Magnesita" the "Company" or the "Group")
Share buyback programme of up to EUR50 million
RHI Magnesita N.V. (the "Company") announces that on 23 February
2021 it purchased the following number of its ordinary shares,
represented by depositary interests, of one euro each pursuant to
its EUR50 million share repurchase programme, details of which were
announced on 16 December 2020 (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: 14,200
Date of transaction: 23 February 2021
Time of transaction: 08.04 - 16.28
Volume weighted average price paid per share: 3868.36 pence
Lowest price paid per share: 3826.00 pence
Highest price paid per share: 3916.00 pence
Venue: XLON
Broker: Barclays Bank Ireland PLC
Total number of shares repurchased pursuant to the Programme to
date: 518,713
The Company intends to hold the purchased shares in treasury.
Following the purchase of these shares, the remaining number of
ordinary shares in issue will be 48,558,992 (excluding treasury
shares), and the Company will hold 918,713 ordinary shares in
Treasury.
The figure of 48,558,992 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) and Article 10(5)(a)(i) of
the Market Abuse (Amendment) (EU Exit) Regulations 2019, detailed
information about the individual purchases is available through the
link below:
http://www.rns-pdf.londonstockexchange.com/rns/1049Q_1-2021-2-23.pdf
For further enquiries, please contact:
Chris Bucknall, Head of Investor Relations
Tel +43 699 1870 6490
E--mail: Chris.Bucknall@rhimagnesita.com
About RHI Magnesita
RHI Magnesita is the leading global supplier of high-grade
refractory products, systems and solutions which are critical for
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 around the world, with around 12,000
employees in 33 main production sites and more than 70 sales
offices. RHI Magnesita intends to leverage its 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, with a
secondary listing on the Vienna Stock Exchange (Wiener Börse). For
more information please visit: www.rhimagnesita.com
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END
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