Business
Response to intended partial cash offer
Response to intended partial cash offer.
About this update from Rhi Magnesita Nv
[{"type":"text","content":"\n\nRHI Magnesita N.V.\n(\"RHI Magnesita\" the \"Company\" or the \"Group\")\nRESPONSE TO ANNOUNCEMENT OF INTENDED PARTIAL CASH OFFER\n \nThe Board of RHI Magnesita notes the announcement today by Rhône Capital L.L.C. of its intention to acquire, in cash, shares representing 20% of the issued and outstanding share capital in the Company for a price of £28.50 per share.\nThe Board is considering its response to the partial offer and a further announcement will be made in due course.\n \nHead of Investor Relations\nChris Bucknall\n+43 699 1870 6490 [email protected]\n \nFinancial Communications\nHudson Sandler\nMark Garraway +44 (0) 7771 860 938\nEmily Dillon +44 (0) 7842 269 886\[email protected]\n \nLead Financial Adviser and Corporate Broker\nBarclays Bank PLC, acting through its Investment Bank (\"Barclays\")\nOmar Faruqui\nArthur Schuetz\nRob Mayhew\nNeal West\n \nJoint Financial Adviser and Corporate Broker\nPeel Hunt LLP\nMike Bell\nTom Ballard\nBen Harrington\n \n\n\n \nAbout RHI Magnesita\nRHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C 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 13,500 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.\nThe Group maintains a premium listing on the Official list of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the prime segment of the Vienna Stock Exchange (Wiener Börse). For more information please visit: www.rhimagnesita.com\nAs at 30 May 2023, the total number of issued ordinary shares is 49,477,705, including 2,438,804 ordinary shares held by the Company in its own capital. Each ordinary share (other than the ordinary shares held by the Company) carries one vote....