2025 Long Term Incentive Plan Awards
LTIP awards granted to six senior executives, vesting in three years subject to performance conditions.
- Options awarded to Stefan Borgas (CEO) 61,017
- Options awarded to Ian Botha (CFO) 26,749
- Options awarded to Rajah Jayendran (CTO) 17,488
- Options awarded to Gustavo Franco (Chief Customer Officer) 21,100
- Price used for calculation £33.88
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RHI Magnesita announces the granting of awards under the RHI Magnesita Long Term Incentive Plan ("LTIP"), to a number of persons discharging management responsibilities ("PDMRs").
Awards will normally vest on the third anniversary of the date of grant, subject to the performance conditions disclosed in the 2024 Remuneration Report, which can be found on the Company's website at www.rhimagnesita.com. Shares acquired on vesting must then be retained until the fifth anniversary of the date of grant, other than to pay related taxes. The awards are subject to clawback provisions as outlined in the LTIP rules, available on the Company's website.
No consideration is payable for the grant or vesting of awards. The price used to calculate the maximum number of ordinary shares under the LTIP was £33.88, being the average closing price on 27th and 28th February, and 3rd, 4thand 5th March 2025 of the Company's shares on the main market of the London Stock Exchange.
The following PDMRs were granted awards of nil cost Performance options:
| Director/PDMR | Position | Options awarded |
| Stefan Borgas | Chief Executive Officer | 61,017 |
| Ian Botha | Chief Financial Officer | 26,749 |
| Rajah Jayendran | Chief Technology Officer | 17,488 |
| Gustavo Franco | Chief Customer Officer | 21,100 |
| Ticiana Kobel | Executive Vice President, Legal & Digital Transformation | 12,815 |
| Simone Oremovic | Executive Vice President People, Projects, integrations & Recycling | 12,815 |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Stefan Borgas |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | RHI Magnesita N.V. |
| b) | LEI | 724500UWG6A61XNA3Y36 National company register number: 68991665 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360 |
| b) | Nature of the transaction | Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 61,017 |
| d) | Aggregated information | Price(s) Volume(s) nil 61,107 |
| e) | Date of the transaction | 06 March 202 5 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Ian Botha |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | RHI Magnesita N.V. |
| b) | LEI | 724500UWG6A61XNA3Y36 National company register number: 68991665 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360 |
| b) | Nature of the transaction | Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 26,749 |
| d) | Aggregated information | Price(s) Volume(s) nil 26,749 |
| e) | Date of the transaction | 06 March 202 5 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Rajah Jayendran |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Technology Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | RHI Magnesita N.V. |
| b) | LEI | 724500UWG6A61XNA3Y36 National company register number: 68991665 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360 |
| b) | Nature of the transaction | Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 17,488 |
| d) | Aggregated information | Price(s) Volume(s) nil 17,488 |
| e) | Date of the transaction | 06 March 202 5 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Gustavo Franco |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Customer Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | RHI Magnesita N.V. |
| b) | LEI | 724500UWG6A61XNA3Y36 National company register number: 68991665 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360 |
| b) | Nature of the transaction | Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 21,100 |
| d) | Aggregated information | Price(s) Volume(s) nil 21,100 |
| e) | Date of the transaction | 06 March 202 5 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Ticiana Kobel |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Vice President, Legal & Digital Transformation |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | RHI Magnesita N.V. |
| b) | LEI | 724500UWG6A61XNA3Y36 National company register number: 68991665 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360 |
| b) | Nature of the transaction | Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 12,815 |
| d) | Aggregated information | Price(s) Volume(s) nil 12,815 |
| e) | Date of the transaction | 06 March 202 5 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Simone Oremovic |
| 2 | Reason for the notification | |
| a) | Position/status | Executive VP People, Projects, Integration & Recycling |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | RHI Magnesita N.V. |
| b) | LEI | 724500UWG6A61XNA3Y36 National company register number: 68991665 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of €1 each Securities no.: 38785413, ISIN no.: NL0012650360 |
| b) | Nature of the transaction | Grant of nil cost options under the RHI Magnesita Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 12,815 |
| d) | Aggregated information | Price(s) Volume(s) nil 12,815 |
| e) | Date of the transaction | 06 March 202 5 |
| f) | Place of the transaction | Outside a trading venue |
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