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RHI Magnesita NV (RHIM.L)

RHIM.L on London Stock Exchange

3,384.00GBp
11 Dec 2018
Change (% chg)

-2.00 (-0.06%)
Prev Close
3,386.00
Open
3,350.00
Day's High
3,420.00
Day's Low
3,330.00
Volume
78,563
Avg. Vol
75,354
52-wk High
5,350.00
52-wk Low
3,240.00

Latest Key Developments (Source: Significant Developments)

RHI Magnesita: As Of Dec. 10 Gets Valid Acceptances For 70% Of Magnesita Shares Subject To ITO
2:12am EST 

Dec 11 (Reuters) - RHI Magnesita NV ::AS OF DEC. 10 RECEIVED VALID ACCEPTANCES FROM HOLDERS OF 17,607,645 MAGNESITA COMMON SHARES.CASH CONSIDERATION IN RESPECT OF ACCEPTANCES RECEIVED TO DATE IS BRL350 MILLION (ABOUT EUR78 MILLION).17.6 MILLION SHARES REPRESENT ABOUT 70% OF MAGNESITA SHARES SUBJECT TO ITO.  Full Article

RHI Magnesita NV: Expectations For FY 2018 Operating Results Unchanged
Monday, 5 Nov 2018 02:04am EST 

Nov 5 (Reuters) - RHI MAGNESITA NV ::MANAGEMENT EXPECTATIONS FOR FULL YEAR 2018 OPERATING RESULTS REMAIN UNCHANGED.  Full Article

RHI Magnesita Says In India Continues To Grow Ahead Of Consolidation Of co's Operating Entities In 2019
Monday, 5 Nov 2018 02:01am EST 

Nov 5 (Reuters) - RHI Magnesita NV ::RHI MAGNESITA NV SAYS RHI MAGNESITA HAS SEEN A GOOD TRADING PERFORMANCE IN Q3, WHICH CONTINUES TO REFLECT POSITIVE TRENDS SEEN IN FIRST HALF OF 2018.RHI MAGNESITA NV SAYS IN INDIA CONTINUES TO GROW STRONGLY AHEAD OF CONSOLIDATION OF RHI MAGNESITA'S OPERATING ENTITIES IN 2019.  Full Article

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