Elementis plc (GB:ELM) has released an update.
Elementis plc has acknowledged the open letter from Gatemore Capital Management LLP, emphasizing its commitment to enhancing shareholder value by focusing on significant ongoing business improvements. These improvements are aimed at achieving ambitious 2026 financial targets, which include a 19%+ operating margin, high cash conversion, and return on capital, supported by significant revenue growth and cost savings. The company expresses openness to shareholder feedback and anticipates providing a market update in their upcoming trading update at the AGM.
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