Réponse à la lettre ouverte de Gatemore

Londres, 29 April 2024

Élémentis plc

Response to open letter from Gatemore Capital Management LLP

The Board of Elementis plc (the "Company" or "Elementis") notes the open letter published today from Gatemore Capital Management LLP ("Gatemore"), a 0.6% shareholder.

The Board continues to believe that shareholder value is best driven by a focus on delivering the substantial actions that are currently being progressed at pace throughout the business and that underpin progress towards the 2026 targets of 19%+ operating margin, >90% cash conversion and >20% return on capital, generated by $90m of above market revenue growth and $30m cost savings.

The Board continues to engage with, and welcomes feedback from,  all shareholders, with a clear focus on driving shareholder value, and looks forward to updating the market in its trading update alongside its AGM tomorrow.  

Demandes de renseignements

Élémentis plc

Paul Waterman, président-directeur général                                                               

Ralph Hewins, directeur financier

Eva Hatfield, responsable des relations avec les investisseurs Tél : +44 7553 340 380

Ténéo           

Martin Robinson Tél. : +44 (0) 20 7353 4200

Olivia Peters Courriel : [email protected]