22nd Jan 2019 13:55
LONDON (Alliance News) - Refractory products supplier RHI Magnesita NV said Tuesday that Non-Executive Director Fersen Lambranho has resigned from its position on the company's board with immediate effect.
Chair Herbert Cordt said: "Lambranho served as board member of both Magnesita and RHI Magnesita and was one of the architects of the merger. We are therefore very grateful for his significant contribution to the business and wish him all the best for the future."
Furthermore, RHI Magnesita added that it has received additional valid acceptances for its acquisition of Brazilian subsidiary Magnesita Refratarios SA. The company now holds 89.5% of the total share capital of Magnesita Refratarios.
Shareholders who have not participated in the offer have until March 10 to do so.
RHI Magnesita shares were trading down 0.6% at 4,166.00 pence each.
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RHI Magnesita