Elementis PLC has applied for the additional listing of 500,000 ordinary shares of 5p each to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. These shares will be issued fully paid and will rank pari passu with the existing issued ordinary shares of the Company. They are being issued under the 2018 Savings Related Share Option Scheme and will be allotted as and when the scheme rules allow. The admission of these shares is expected to be on 15 August 2024.
Anna Lawrence, Group General Counsel & Company Secretary, confirmed the application for the additional listing of shares. This move indicates the company's intention to potentially raise capital or provide additional liquidity in the market.