Business
Response to partial offer extension
Response to partial offer extension.
About this update from Rhi Magnesita Nv
[{"type":"text","content":"\n\nRHI Magnesita N.V.\n(\"RHI Magnesita\" or the \"Company\")\n \nRESPONSE TO ANNOUNCEMENT OF EXTENSION OF ACCEPTANCE PERIOD\n \nRHI Magnesita notes the announcement by Ignite Luxembourg Holdings S.à r.l. (a wholly-owned subsidiary of a number of limited partnerships which are indirectly managed by Rhône Holdings VI L.L.C., \"Ignite\"), on 10 July 2023, of the extension of the acceptance period in respect of its voluntary partial cash offer for 14,086,156 ordinary shares in the Company (representing 29.9% of the issued and outstanding ordinary share capital of the Company) (the \"Offer\"). The acceptance period has been extended from its original expiry date of 10 July 2023 until 1:00 p.m. London time on 21 July 2023.\nRHI Magnesita further notes that the other terms and conditions of the Offer (as set out in the Offer document published by Ignite on 19 June 2023) remain unchanged. The Board's view on the Offer, as set out in the Response Statement dated 27 June 2023, remains unchanged.\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\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 l...