Elementis PLC has applied for an additional listing of 3,000,000 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 Long Term Incentive Plan 2018 and will be allotted as and when the scheme rules allow. The admission of these shares is expected to be on 21 March 2024.
This move indicates the company's commitment to its Long Term Incentive Plan 2018 and its ongoing efforts to align the interests of its employees with the long-term success of the business. The additional listing of shares will provide the company with the flexibility to issue shares as part of its incentive plan, ensuring that employees are rewarded for their contributions to the company's growth and success.
Anna Lawrence, Group General Counsel & Company Secretary, confirmed the application for the additional listing of shares. This announcement provides transparency to investors and stakeholders regarding the company's plans for issuing shares under its Long Term Incentive Plan 2018. Interested parties can access further information on the company's investor relations website.
This news reflects Elementis PLC's strategic approach to incentivizing and retaining talent within the organization, aligning employee interests with the company's long-term performance and growth.