Liad Meidar, Managing Partner, Gatemore Capital Management, said:
“We are pleased with Elementis’ better-than-expected results and improved prospects, with the company meeting two of the key points we requested in our letters: an acceleration of cost reductions and a strategic review of the talc business. While the direction is correct, there is still a long way to go to close the gap between the share price and the company’s strategic value and we expect the Board to continue to take the necessary corrective actions to restore investor confidence.”
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