Business
Secondary listing on Vienna Stock Exchange
Secondary listing on Vienna Stock Exchange.
About this update from Rhi Magnesita Nv
[{"type":"text","content":"\n \nRNS Number : 1577U RHI Magnesita N.V. 27 March 2019 \n\n \nRHI Magnesita N.V.\n(\"RHI Magnesita\" or the \"Company\")\n \n \nRHI Magnesita to obtain secondary listing on Vienna Stock Exchange\n \nThe Company's board of directors (the \"Board\") has considered the uncertain regulatory environment resulting from the United Kingdom's decision to withdraw from the European Union. Due to these uncertainties the Board has decided that it is prudent for RHI Magnesita to apply for a secondary listing on a regulated market in the European Union. While the RHI Magnesita group is a global business and has a strong presence in many jurisdictions, it has its head office in Vienna and was historically listed on the Vienna Stock Exchange. The Board has therefore decided that the most logical secondary listing location for RHI Magnesita is Vienna. \n \nRHI Magnesita will continue to have a Premium Listing and continue to trade on the London Stock Exchange, which will remain its primary listing venue.\n \nThe listing and trading on the Vienna Stock Exchange of RHI Magnesita's ordinary shares, in the form of dematerialized depositary interests, is expected to commence on Friday 29 March 2019. All ordinary shares carry the same rights, regardless of the exchange they are traded on. \n \nIn connection with the application for the listing on the Vienna Stock Exchange, the Company has today published a prospectus which has been approved by the Dutch Authority for the Financial Markets and which has been notified to the competent authority in Austria, the Finanzmarktaufsicht. The prospectus is available at prospectus.rhimagnesita.com.\n \n \nFor further enquiries, please contact:\nGuy Marks, Head of Investor Relations\nTel +44 7741 730681\nE‐mail: [email protected]\n \n \nAbout RHI Magnesita\n \nRHI Magnesita is the leading global supplier of high-grade refractory products, systems and services which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals, and glass, among others. 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.\...