Business
Admission to the London Stock Exchange
Admission to the London Stock Exchange.
About this update from Rhi Magnesita Nv
[{"type":"text","content":"\n \nRNS Number : 7748U RHI Magnesita N.V. 27 October 2017 \n\nRHI Magnesita N.V.\n \nAdmission to the London Stock Exchange\n \n27 October 2017, London - Further to the announcements made by RHI AG (\"RHI\") and Magnesita Refratarios S.A. (\"Magnesita\") on 17 October 2017, RHI Magnesita N.V. (\"RHI Magnesita\" or the \"Company\") is pleased to announce that all issued ordinary shares of RHI Magnesita will today be admitted to the premium segment of the Official List of the UK Financial Conduct Authority and to trading on the London Stock Exchange's main market (\"Main Market\") for listed securities (together, \"Admission\"). Dealings in the Company's shares will commence on the Main Market at 8.00 a.m. (London time) on 27 October 2017. \n \nThe cross-border merger of RHI with its wholly-owned subsidiary RHI Magnesita became effective on 26 October 2017 and RHI ceased to exist as a legal entity. The last day of trading of RHI's shares on the Vienna Stock Exchange was on 25 October 2017. Completion of the share purchase agreement between RHI, the Company and the controlling shareholders of Magnesita, GP Investments and Rhône Capital, and certain other sellers, occurred on 26 October 2017. \n \nThe Company is not raising any funds in connection with Admission. No shares have been offered or marketed to the public in the UK or elsewhere in connection with Admission. The Company's TIDM code on the London Stock Exchange will be 'RHIM', with an ISIN of NL0012650360 and, on Admission, there will be 44,819,039 ordinary shares in issue.\n \nThe prospectus prepared by the Company in connection with Admission is available for inspection on the Company's website at prospectus.rhimagnesita.com and is available on the Dutch Authority for the Financial Markets (\"AFM\") website at www.afm.nl. Copies of the prospectus in printed form will also be available, on request, at the Company at Wienerbergstrasse 9, 1100 Vienna, Austria.\n \nStefan Borgas, CEO of RHI Magnesita, said: \"Today's London listing is the beginning of our journey as RHI Magnesita, the clear global industry leader in refractory products and services. Our focus now is to complete the integration, build the business in regions and products where we don't have a significant presence, and use our combined best in class technological know-h...