Statement from Gatemore Capital Management LLP on Elementis plc
August 01 2024 - 6:21AM
PR Newswire (US)
LONDON, Aug. 1, 2024 /PRNewswire/ -- Liad Meidar,
Managing Partner, Gatemore Capital Management, said:
"We are pleased to see a stronger-than-expected set of results
and improved outlook from Elementis, with the company delivering on
two of the key points we demanded in our letters: an acceleration
of cost cuts and a strategic review of the Talc business. While
heading in the right direction, there is a long way to go to close
the gap between the company's share price and its strategic value,
and we expect the board to continue to take the corrective actions
required to rebuild trust with the investor base."
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