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An announcement from Elementis ( (GB:ELM) ) is now available.
Elementis has corrected an earlier announcement and confirmed that it has made a block application for 2,000,000 new ordinary shares of 5p each to be admitted to trading on the Main Market of the London Stock Exchange. The new shares, to be issued fully paid under the company’s 2018 Long Term Incentive Plan, will rank pari passu with existing stock and are expected to be admitted on 1 April 2026, providing capacity to satisfy future LTIP awards without immediate impact on free‑float levels.
The shares will be allotted from time to time as required by the LTIP rules, giving Elementis flexibility in how it delivers equity‑based compensation to eligible participants. By securing advance admission for these shares, the company streamlines the administrative process for future issuances under the incentive scheme while maintaining equal rights for new and existing shareholders.
The most recent analyst rating on (GB:ELM) stock is a Hold with a £149.00 price target. To see the full list of analyst forecasts on Elementis stock, see the GB:ELM Stock Forecast page.
Spark’s Take on ELM Stock
According to Spark, TipRanks’ AI Analyst, ELM is a Neutral.
The score is mainly supported by improving financial resilience (much lower debt and continued positive free cash flow) and a constructive earnings-call outlook with margin/EPS progress and clear medium-term targets. These positives are tempered by weak technical momentum (below major moving averages with negative MACD) and valuation risk tied to ongoing net losses (negative P/E), alongside recent revenue softness.
To see Spark’s full report on ELM stock, click here.
More about Elementis
Elementis plc is a specialty chemicals company whose shares are listed on the Main Market of the London Stock Exchange. The group operates through businesses that typically use long‑term incentive plans to align management and employees with shareholder interests in its listed equity.
Average Trading Volume: 1,308,178
Technical Sentiment Signal: Hold
Current Market Cap: £840M
For a thorough assessment of ELM stock, go to TipRanks’ Stock Analysis page.