RNS Number : 5533A
RHI Magnesita N.V.
24 May 2023
 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

 

Result of the Annual General Meeting 2023 ("AGM")

 

Following the AGM held today, 24 May 2023, RHI Magnesita announces that each of the voting resolutions set out in the Notice of Meeting to Shareholders, dated 12 April 2023, were passed by the requisite majority. A poll was held on each of the resolutions proposed. The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:

 

Resolutions

Votes for

% of votes cast

Votes against

% of votes cast

Total votes validly cast

Total votes cast as a % of the relevant shares in issue

Number of votes withheld

Resolution 3

To adopt the annual accounts for the financial year ended 31 December 2022

36,135,258

 

99.98

 

7,021

 

0.02

 

 

36,262,449

 

 

 

77.13%

 

 

 

120,170

 

Resolution 4

To declare a final dividend of €1.10 per share for the financial year ended 31 December 2022

36,261,949

 

100.00

 

500

 

0.00

 

36,262,449

 

77.13%

 

0

 

Resolution 5

To release the directors from liability for the exercise of their respective duties during the financial year 2022

36,194,375

 

99.98

 

 

7,021

 

0.02

 

36,262,449

 

77.13%

 

 

61,053

 

Resolution 6. a.

To re-elect S. Borgas

35,260,175

 

97.24

 

1,001,874

 

2.76

 

36,262,449

 

77.13%

 

400

 

Resolution 6. b.

To re-elect I. Botha

35,967,999

 

99.19

 

294,050

 

0.81

 

36,262,449

 

77.13%

 

400

 

Resolution 7. a.

To re-elect H. Cordt

31,107,981

 

85.83

 

5,133,725

 

14.17

 

36,262,449

 

77.13%

 

20,743

 

Resolution 7. b. 

To re-elect J. Ramsay

35,681,549

 

98.40

 

580,500

 

1.60

 

36,262,449

 

77.13%

 

400

 

Resolution 7. c.

To re-elect J Ashdown

36,028,965

 

99.54

 

166,242

 

0.46

 

36,262,449

 

77.13%

 

67,242

 

Resolution 7. d. 

To re-elect D. Schlaff

34,964,196

 

96.42

 

1,297,853

 

3.58

 

36,262,449

 

77.13%

 

400

 

Resolution 7. e. 

To re-elect S.O.L.B Prinz zu Sayn-Wittgenstein- Berleburg

34,964,196

 

96.42

 

1,297,853

 

3.58

 

36,262,449

 

77.13%

 

400

 

Resolution 7. f. 

To re-elect J. Brown

36,215,056

 

99.87

 

46,993

 

0.13

 

36,262,449

 

77.13%

 

400

 

Resolution 7. g. 

To re-elect K. Sevelda

35,898,979

 

99.00

 

363,070

 

1.00

 

36,262,449

 

77.13%

 

400

 

Resolution 7. h. 

To re-elect M-H. Ametsreiter

36,216,266

 

99.87

 

45,783

 

0.13

 

36,262,449

 

77.13%

 

400

 

Resolution 7. i. 

To re-elect W. Ruttenstorfer

32,847,071

 

90.58

 

3,414,978

 

9.42

 

36,262,449

 

77.13%

 

400

 

Resolution 8

To re-appoint PricewaterhouseCoopers Accountants N.V. as the Company´s auditor for the financial year 2023

36,194,561

 

100.00

 

746

 

0.00

 

36,262,449

 

77.13%

 

67,142

 

Resolution 9

To approve, as an advisory vote, the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the period ended 31 December 2022

35,339,783

 

97.57

 

881,190

 

2.43

 

36,262,449

 

77.13%

 

41,476

 

Resolution 10

To establish the proposed remuneration of the Non-Executive Directors

36,261,485

 

100.00

 

964

 

0.00

 

36,262,449

 

77.13%

 

0

 

Resolution 11

To amend the Articles of Association of the Company

31,827,589

 

87.77

 

4,434,860

 

12.23

 

36,262,449

 

77.13%

 

0

Resolution 12

To approve the adoption and operation of the RHI Magnesita Long Term Incentive Plan

35,935,686

 

99.10

 

326,763

 

0.90

 

36,262,449

 

77.13%

 

0

Resolution 13

Authority to issue ordinary shares or grant rights to acquire ordinary shares

35,966,064

 

99.18

 

296,385

 

0.82

 

36,262,449

 

77.13%

 

0

Resolution 14

Limited disapplication of pre-emption rights.

34,865,250

 

96.15

 

1,394,409

 

3.85

 

36,262,449

 

77.13%

 

2,790

 

Resolution 15

Authority to limit or exclude pre-emptive rights

34,702,541

 

95.71

 

1,557,208

 

4.29

 

36,262,449

 

77.13%

 

2,700

 

Resolution 16

Authority to acquire shares in the Company or depositary receipts of such shares.

36,187,197

 

99.81

 

67,588

 

0.19

 

36,262,449

 

77.13%

 

7,664

 

Resolution 17

Authority to cancel any or all shares held in treasury or to be acquired

36,261,803

 

100.00

 

646

 

0.00

 

36,262,449

 

77.13%

 

0

 

 

Notes:

1.    Resolutions 1 and 2 were non-voting resolutions and are therefore not included in the table above.

2.    The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 47,017,695.

3.    A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.

4.    In accordance with LR 9.6.2, copies of any resolutions passed as special business will be submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

5.    These results will also shortly be available on the Company's website at https://ir.rhimagnesita.com/

 

For further enquiries, please contact:

 

Sally Caswell, Company Secretary

Tel: +43 699 1870 6345

E-mail: sally.caswell@rhimagnesita.com

 

Chris Bucknall, Head of Investor Relations

Tel: +43 699 1870 6490

E‐mail: chris.bucknall@rhimagnesita.com

 

 

About RHI Magnesita

RHI 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.

The Group maintains a premium listing on the Official list of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the prime segment of the Vienna Stock Exchange (Wiener Börse). For more information please visit: www.rhimagnesita.com.

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