RHI Magnesita confirms that the Securities and Exchange Commission in Brazil (“CVM”) has approved on 23 January 2019, the cancellation of the listing of Magnesita Refratários S.A. (“Magnesita”) as a publicly-held company in Brazil and, as a result, the ordinary shares of Magnesita are no longer listed for trading on B3 S.A. – Brasil, Bolsa, Balcão (“B3”). As of this date, Magnesita is a privately held company.
The ITO process continues until 10 March 2019 as announced on 11 December 2018.
For further enquiries, please contact:
Guy Marks, Head of Investor Relations
Tel +44 7741 730681
Stefan Rathausky, Head of Corporate Communications
Tel +43 50213‐6059
About RHI Magnesita
RHI Magnesita is the global leading supplier of high-grade refractory products, systems and solutions 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. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves more than 10,000 customers in nearly all countries around the world. The Company has broad geographic diversification with more than 14,000 employees in 35 main production sites and more than 70 sales offices. RHI Magnesita intends to use its global leadership position in terms of revenue, greater scale, complementary product portfolio and diversified geographic presence around the world to target opportunistically 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. For more information please visit: www.rhimagnesita.com