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Elementis PLC (ELM.L)

ELM.L on London Stock Exchange

258.00GBp
20 Jul 2018
Change (% chg)

-0.20 (-0.08%)
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258.20
Open
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Volume
880,157
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Latest Key Developments (Source: Significant Developments)

Elementis to buy Mondo for enterprise value of $600 mln
Friday, 29 Jun 2018 

June 29 (Reuters) - Elementis Plc ::PROPOSED $600 MLN ACQUISITION & $280M RIGHTS ISSUE.REACHED AN AGREEMENT IN PRINCIPLE IN RELATION TO PROPOSED ACQUISITION OF MONDO MINERALS B.V..OFFER PRICE VALUES MONDO AT AN ENTERPRISE VALUE OF $600 MILLION ON A CASH FREE, DEBT FREE BASISDEAL TO BE IMMEDIATELY ACCRETIVE TO ELEMENTIS' EBITDA MARGINS.BOARD EXPECTS TO BE ABLE TO MAINTAIN ELEMENTIS' EXISTING DIVIDEND POLICY FOLLOWING COMPLETION OF ACQUISITION.DEAL TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST FULL YEAR OF OWNERSHIP.ACQUISITION IS EXPECTED TO EXCEED ELEMENTIS' WEIGHTED AVERAGE COST OF CAPITAL IN FOURTH FULL YEAR OF OWNERSHIP.DEAL, EXISTING DEBT OF GROUP AND MONDO AND FUNDING OF ENLARGED GROUP GOING FORWARDS, ARE ALL EXPECTED TO BE FINANCED BY A RIGHTS ISSUE.CONFIDENT OF DELIVERING CONTINUED PROGRESS IN 2018, IN LINE WITH CO'S PREVIOUS EXPECTATIONS.ACQUISITION, EXISTING DEBT OF GROUP AND MONDO, OTHERS EXPECTED ALSO TO BE FINANCED BY NEW COMMITTED DEBT FACILITIES OF $775 MILLION.MONDO IS CURRENTLY OWNED BY ADVENT INTERNATIONAL.  Full Article

Elementis Says To Sell Surfactants Business For 39 Mln Euros
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Elementis Plc ::ELEMENTIS PLC - ‍ELEMENTIS ANNOUNCES SALE OF SURFACTANTS BUSINESS​.ELEMENTIS PLC - ‍ENTERED AGREEMENT TO SELL SURFACTANTS BUSINESS LOCATED IN NETHERLANDS TO KOLB DISTRIBUTION FOR A CASH CONSIDERATION OF EUR 39 MILLION​.ELEMENTIS PLC - ‍PROCEEDS RESULTING FROM SALE WILL BE USED FOR GENERAL CORPORATE PURPOSES AND TOWARDS DEBT REDUCTION​.  Full Article

Elementis sees improved full year outcome versus 2016 for Chromium unit​
Friday, 27 Oct 2017 

Oct 27 (Reuters) - ELEMENTIS PLC ::FOR QUARTER ENDED SEPT. 30, ‍SPECIALTY PRODUCTS PERFORMED WELL AND IN LINE WITH EXPECTATIONS​.‍CONTINUE TO EXPECT AN IMPROVED FULL YEAR OUTCOME VERSUS 2016 FOR CHROMIUM​."‍GOING FORWARD, WE CONTINUE TO SEE SIGNIFICANT POTENTIAL FOR ELEMENTIS AS WE IMPLEMENT OUR REIGNITE GROWTH STRATEGY​" - CEO.‍EXPECT AN IMPROVED FULL YEAR OUTCOME VERSUS 2016 FOR CHROMIUM UNIT​.  Full Article

Elementis names Ralph Hewins as CFO
Tuesday, 1 Nov 2016 

Elementis Plc : Says Brian Taylorson has stepped down from that role as well as from board .Says Ralph Hewins has taken up role as group CFO with immediate effect.  Full Article

Elementis H1 pretax profit $44.7 mln
Tuesday, 2 Aug 2016 

Elementis Plc : H1 pretax profit 44.7 million usd versus 65.3 million usd year ago . H1 sales 334 million usd versus 360.4 million usd year ago . H1 sales in period were $334.0 million, compared to $360.4 million . H1 profit before tax was $44.7 million (2015: $65.3 million) .Declaring an interim dividend of 2.70 cents per share, same as in previous year.  Full Article

UPDATE 1-British chemical maker Elementis to buy talc producer Mondo Minerals

June 29 Speciality chemicals company Elementis Plc said on Friday it would buy Mondo Minerals from U.S. private equity firm Advent International for an enterprise value of $600 million to expand into talc additives used in a range of products from plastics to cosmetics.