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6 Jun 2019 15:22
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
Result of Annual General Meeting 2019 ("AGM")
Following the AGM held today, 6 June 2019, RHI Magnesita N.V. announces that each of the voting resolutions set out in the Notice of Meeting to Shareholders, dated 25 April 2019, 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 4 To adopt the annual accounts for the year ended 31 December 2018 | 38,115,558 | 100.00 | 0 | 0.00 | 38,171,756 | 77.15% | 0 |
Resolution 5 Approval of a final dividend of €1.50 per share for the financial year ended 31 December 2018. | 38,156,819 | 100.00 | 0 | 0.00 | 38,171,756 | 77.15% | 0 |
Resolution 6 To release the directors from liability. | 38,098,419 | 100.00 | 0 | 0.00 | 38,171,756 | 77.15% | 0 |
Resolution 7. a. To re-elect S. Borgas | 38,077,786 | 99.75 | 93,970 | 0.25 | 38,171,756 | 77.15% | 0 |
Resolution 7. b. To elect I. Botha | 37,962,529 | 99.45 | 209,227 | 0.55 | 38,171,756 | 77.15% | 0 |
Resolution 8. a. To re-elect H. Cordt | 36,283,116 | 95.05 | 1,888,640 | 4.95 | 38,171,756 | 77.15% | 0 |
Resolution 8. b. To re-elect W. Ruttenstorfer | 38,019,212 | 99.60 | 152,544 | 0.40 | 38,171,756 | 77.15% | 0 |
Resolution 8. c. To re-elect S.O.L.B Prinz zu Sayn-Wittgenstein- Berleburg | 38,065,836 | 99.72 | 105,920 | 0.28 | 38,171,756 | 77.15% | 0 |
Resolution 8. d. To re-elect D.A. Schlaff | 37,696,839 | 98.76 | 474,917 | 1.24 | 38,171,756 | 77.15% | 0 |
Resolution 8. e. To re-elect K. Sevelda | 38,094,925 | 99.80 | 76,831 | 0.20 | 38,171,756 | 77.15% | 0 |
Resolution 8. f. To re-elect C.F. Baxter | 38,057,547 | 99.70 | 114,209 | 0.30 | 38,171,756 | 77.15% | 0 |
Resolution 8. g. To re-elect J.W. Leng | 38,057,547 | 99.70 | 114,209 | 0.30 | 38,171,756 | 77.15% | 0 |
Resolution 8. h. To re-elect J. Ramsay | 38,094,925 | 99.80 | 76,831 | 0.20 | 38,171,756 | 77.15% | 0 |
Resolution 8. i. To re-elect A. J. Hosty | 38,019,212 | 99.60 | 152,544 | 0.40 | 38,171,756 | 77.15% | 0 |
Resolution 8. j. To elect J. Ashdown | 38,019,500 | 99.69 | 116,399 | 0.31 | 38,171,756 | 77.15% | 0 |
Resolution 8. k. To elect F. Paulus | 38,171,756 | 100.00 | 0 | 0.00 | 38,171,756 | 77.15% | 0 |
Resolution 9 To reappoint PricewaterhouseCoopers Accountants N.V. as the Company's auditor | 38,134,609 | 99.90 | 37,147 | 0.10 | 38,171,756 | 77.15% | 0 |
Resolution 10 To approve the remuneration report | 38,161,284 | 99.97 | 10,472 | 0.03 | 38,171,756 | 77.15% | 0 |
Resolution 11 Authority to issue ordinary shares or grant rights to acquire ordinary shares. | 37,683,424 | 98.72 | 488,332 | 1.28 | 38,171,756 | 77.15% | 0 |
Resolution 12 Limited disapplication of pre-emption rights. | 38,156,819 | 99.96 | 14,937 | 0.04 | 38,171,756 | 77.15% | 0 |
Resolution 13 Limited disapplication of pre-emption rights (financing an acquisition or other capital investment). | 37,716,341 | 98.81 | 455,415 | 1.19 | 38,171,756 | 77.15% | 0 |
Resolution 14 Authority to acquire shares in the Company or depositary receipts of such shares. | 38,043,129 | 99.76 | 91,480 | 0.24 | 38,171,756 | 77.15% | 0 |
Notes:
1. Resolutions 1, 2 and 3 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 49,477,705.
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 the resolutions passed have been submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM.
5. These poll results will be available shortly on the Company's website at www.rhimagnesita.com.
For further enquiries, please contact:
Jacqueline Knox, Executive VP General Counsel & Company Secretary
Tel +43 5021 36098
E-mail: jacqueline.knox@rhimagnesita.com
Guy Marks, Head of Investor Relations
Tel +44 7741 730681
E‐mail: guy.marks@rhimagnesita.com
About RHI Magnesita
RHI Magnesita is the leading global 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 customers in nearly all countries around the world. The Company has a high level of geographic diversification with more than 14,000 employees in 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. For more information please visit: www.rhimagnesita.com
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