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RHI Magnesita NV (RHIM.L)

RHIM.L on London Stock Exchange

4,256.00GBp
11:29am EDT
Change (% chg)

80.00 (+1.92%)
Prev Close
4,176.00
Open
4,106.00
Day's High
4,288.00
Day's Low
4,106.00
Volume
37,998
Avg. Vol
95,654
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4,627.00
52-wk Low
3,200.00

Latest Key Developments (Source: Significant Developments)

RHI Magnesita proposes 2017 dividend of 0.75 eur/shr
Wednesday, 21 Mar 2018 03:00am EDT 

March 21 (Reuters) - Rhi Magnesita Nv ::Says ‍adjusted pro-forma revenue of eur 2,677.2 million, up 11%, driven by sales growth in both steel and industrial divisions​.Says ‍adjusted pro-forma EBITA of eur 304.1 million, up 39%​.Says ‍adjusted pro-forma EBITA margin of 11.4%, up 230bps from previous year, driven by higher sales and company's initiatives to improve operational efficiencies​.Says ‍faster realization of synergies by one year: eur 40 million in 2018 and balance of eur 70 million in 2019​.Says ‍board of directors will propose a dividend of eur 0.75 per share, to be paid on 2 july 2018​.Says ‍2018 has started well​.  Full Article

RHI Magnesita announces early redemption of part of 8.625 pct perpetual notes
Thursday, 28 Dec 2017 03:31am EST 

Dec 28 (Reuters) - Rhi Magnesita Nv ::‍HAS GIVEN NOTICE TODAY FOR EARLY REDEMPTION OF US$70 MILLION OF ITS US$250 MILLION 8.625% PERPETUAL NOTES, TO BE EFFECTED ON JANUARY 26, 2018, AT A PRICE EQUAL TO 100% OF PRINCIPAL AMOUNT PLUS ACCRUED AND UNPAID INTEREST​.  Full Article

RHI Magnesita to use Intocast proceeds to reduce debt​
Friday, 1 Dec 2017 02:00am EST 

Dec 1 (Reuters) - Rhi Magnesita Nv ::‍ON SEPTEMBER 8, 2017, RHI AG AND MAGNESITA AGREED TO SELL THESE PLANTS TO INTOCAST AKTIENGESELLSCHAFT FEUERFEST-PRODUKTE UND GIEßHILFSMITTEL FOR EUR 42.6M​.‍DISPOSAL WAS SUBJECT TO, AMONG OTHER CONDITIONS, BUYER APPROVAL BY EUROPEAN COMMISSION, WHICH HAS NOW BEEN OBTAINED​.‍PROCEEDS FROM SALE WILL BE USED TO FURTHER REDUCE COMPANY'S NET DEBT​.  Full Article

RHI Magnesita buys Swedish Agellis Group
Tuesday, 28 Nov 2017 03:12am EST 

Nov 28 (Reuters) - Rhi Magnesita Nv says::acquires 100% of the shares of Agellis Group AB, Lund (Sweden)‍​.acquisition is strategic extension of its product range with advanced innovative measurement technology‍​.Says operational and financial integration of Agellis is expected to be finished by the end of 2017.  Full Article

Rhi Magnesita says 2017 earnings growth to follow nine-month trend
Monday, 13 Nov 2017 02:38am EST 

Nov 13 (Reuters) - Rhi Magnesita Nv :Rhi Magnesita CEO says full-year earnings growth will follow nine-month trend.  Full Article

RHI London listing due on Oct. 27 after merger with Magnesita
Tuesday, 17 Oct 2017 03:00am EDT 

Oct 17 (Reuters) - RHI AG ::‍Listing prospectus approved, final steps for business combination of RHI and Magnesita decided​.‍First day of trading on London Stock Exchange anticipated on October 27, 2017​.‍Last trading day on Vienna Stock Exchange expected for October 25, 2017​.‍Closing date of transaction foreseen for October 26, 2017​.‍Last trading day on Vienna stock exchange expected for October 25, 2017​.The controlling shareholders and additional sellers adhered to the share purchase agreement will deliver 50% plus one share in Magnesita and therefore will jointly receive a payment of 117.3 million euros in cash and 5.0 million newly issued shares in RHI Magnesita.  Full Article

RHI withdraws resolution of Dec. 1, 2016 on share buyback program​
Wednesday, 4 Oct 2017 09:54am EDT 

Oct 4 (Reuters) - RHI AG ::‍ADOPTED DECISION TO WITHDRAW ITS RESOLUTION OF DECEMBER 1, 2016, ON IMPLEMENTATION OF SHARE BUYBACK PROGRAM​.TO TERMINATE THIS SHARE BUYBACK PROGRAM WITH EXPIRATION OF OCTOBER 20, 2017.  Full Article

RHI AG sells its dolomite business in European Economic Area
Friday, 8 Sep 2017 11:51am EDT 

Sept 8 (Reuters) - RHI AG ::RHI SIGNED A CONTRACT WITH A EUROPEAN REFRACTORIES SUPPLIER REGARDING SALE OF ITS DOLOMITE BUSINESS IN EUROPEAN ECONOMIC AREA.SALE CONSISTS OF PRODUCTION SITES IN MARONE, ITALY, AND LUGONES, SPAIN.RESULTING FROM TRANSACTION, POSITIVE CONTRIBUTION TO EARNINGS IN MEDIUM SINGLE-DIGIT MILLIONS IS EXPECTED IN Q4 OF 2017.  Full Article

RHI AG: shareholders vote in favor and enable combination of RHI and Magnesita
Friday, 4 Aug 2017 11:28am EDT 

Aug 4 (Reuters) - RHI AG ::‍EGM APPROVED SPIN-OFF OF ALL SIGNIFICANT ASSETS OF RHI AG​ TO ITS WHOLLY-OWNED AUSTRIAN SUBSIDIARY RHI FEUERFEST GMBH​.EGM THUS APPROVED SUBSEQUENT CROSS-BORDER MERGER OF RHI AG WITH ITS WHOLLY- OWNED DUTCH SUBSIDIARY RHI-MAG N.V. WITH A MAJORITY OF MORE THAN 99,7% OF VOTES CAST​.‍IMMEDIATELY AFTERTHE MERGER HAS BECOME LEGALLY EFFECTIVE, COMPANY NAME OF RHI-MAG N.V. WILL BE CHANGED TO RHI MAGNESITA N.V.​.  Full Article

RHI says Brazilian antitrust authority approves merger with Magnesita
Wednesday, 12 Jul 2017 06:21am EDT 

July 12 (Reuters) - Rhi Ag :Says Brazilian antitrust authority approves combination of RHI and Magnesita.Says as a next step, our shareholders will decide, among other things, about merger of RHI AG with its wholly-owned Dutch subsidiary RHI MAG NV at an extraordinary general meeting.Says we are planning this general meeting for August 4.  Full Article