The 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.
RHI Magnesita will continue to have a Premium Listing and continue to trade on the London Stock Exchange, which will remain its primary listing venue.
The 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.
In 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.
For further enquiries, please contact:
Guy Marks, Head of Investor Relations
Tel +44 7741 730681
About RHI Magnesita
RHI 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.
The Company has a high level of geographic diversification with more than 14,000 employees at 35 main production sites and more than 70 sales offices around the world. RHI Magnesita intends to leverage its global 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.
Its shares have a premium listing on the London Stock Exchange (symbol: RHIM) and are a constituent of the FTSE 250 index.