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  2. Share Prices
  3. Elementis Share Price
  4. Elementis Share Regulatory News
  5. Covenant update

Pin to quick picksElementis Regulatory News (ELM)

Elementis Information

Share Price Information for Elementis (ELM)

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153.20    -3.80 (-2.42%)
Bid:
153.00
Ask:
153.20
Spread: 0.20 (0.131%)
Market Cap: £873.68m
ELM Live PriceLast checked at - London Stock Exchange

Intraday Elementis Share Chart

Covenant update

7 Sep 2020 07:00

RNS Number : 1439Y
Elementis PLC
07 September 2020
 

Elementis plc

Covenant update

Elementis plc ("Elementis" or the "Group"), a global specialty chemicals company, announces that the relaxation of the Group net debt/EBITDA* banking covenant to 3.75x, agreed in Q1 2020 as part of the Group's response to COVID-19, has now been extended to include the two testing points in 2021 (i.e. 30 June and 31 December). The arrangement costs are immaterial. 

Group trading in July and August was consistent with the trends outlined at the 2020 interim results on the 28 July and the Group is on track to deliver a significant reduction in net debt in the second half of 2020. A Q3 trading update is scheduled for 28 October.

 

Enquiries

Elementis plc

Ralph Hewins, CFO Tel: 020 7067 2988

James Curran, Investor Relations Tel: 020 7067 2994

 

Tulchan

Martin Robinson Tel: 020 7353 4200

David Allchurch

 

Note: *Pre IFRS 16

 

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation. The person responsible for arranging the release of this announcement on behalf of Elementis plc is Laura Higgins, Company Secretary. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
3rd Dec 20182:25 pmPRNTotal Voting Rights
29th Nov 20188:10 amPRNDirector/PDMR Shareholding
29th Nov 20187:00 amPRNDirector/PDMR Shareholding
22nd Nov 20182:02 pmPRNDirector/PDMR Shareholding
5th Nov 20187:00 amPRNAppointment of new broker
1st Nov 201810:05 amPRNTotal Voting Rights
29th Oct 20181:51 pmPRNDirector/PDMR Shareholding
29th Oct 201811:33 amPRNDirector/PDMR Shareholding
25th Oct 20187:00 amRNSQ3 Trading Update
23rd Oct 201810:43 amPRNCompletion of Mondo Minerals acquisition
22nd Oct 20185:25 pmPRNDirector/PDMR Shareholding
19th Oct 201811:39 amRNSResults of Rump Placing
19th Oct 20187:00 amRNSResults of Rights Issue
12th Oct 20185:14 pmPRNHolding(s) in Company
4th Oct 20187:00 amPRNAdmission of Nil Paid Rights
3rd Oct 20183:16 pmPRNApplications for Admission of Nil Paid Rights
3rd Oct 201811:25 amPRNResult of General Meeting
1st Oct 20189:53 amPRNTotal Voting Rights
27th Sep 201810:05 amPRNDirector/PDMR Shareholding
26th Sep 20187:00 amPRNHurricane Florence – Castle Hayne temporary shut down
24th Sep 20185:05 pmPRNHolding(s) in Company
11th Sep 20183:42 pmRNSPublication of Class 1 Circular and Prospectus
11th Sep 20187:57 amPRNProposed acquisition of Mondo Minerals - clarification
11th Sep 20187:00 amPRNMONDO MINERALS - REVISED TERMS & RIGHTS ISSUE
3rd Sep 201811:00 amPRNBlocklisting - Interim Review
3rd Sep 201810:00 amPRNTotal Voting Rights
24th Aug 201811:00 amPRNAdditional Listing
22nd Aug 20187:00 amPRNDisposal of Jersey City site
13th Aug 20188:51 amPRNCompletion of Works Council consultation
31st Jul 201811:46 amPRNTotal Voting Rights
31st Jul 20187:05 amRNSHalf-year Report
31st Jul 20187:00 amPRNUpdate Regarding Proposed Acquisition of Mondo Minerals
24th Jul 201811:27 amPRNHolding(s) in Company
23rd Jul 201811:00 amPRNHolding(s) in Company
16th Jul 20183:00 pmPRNHolding(s) in Company
16th Jul 20187:00 amPRNAcquisition of Mondo Minerals - supplemental information
2nd Jul 201810:01 amPRNDirector/PDMR Shareholding
2nd Jul 20189:55 amPRNDirector/PDMR Shareholding
2nd Jul 20189:50 amPRNDirector/PDMR Shareholding
2nd Jul 20189:49 amPRNDirector/PDMR Shareholding
2nd Jul 20189:45 amPRNDirector/PDMR Shareholding
29th Jun 201810:47 amPRNTotal Voting Rights
29th Jun 20187:25 amRNSPROPOSED $600M ACQUISITION & $280M RIGHTS ISSUE
13th Jun 201811:48 amPRNDirector/PDMR Shareholding
13th Jun 201811:36 amPRNDirector/PDMR Shareholding
4th Jun 20188:51 amPRNDirector Declaration
26th Apr 201812:55 pmPRNResult of AGM
26th Apr 20187:00 amRNSAGM Trading Statement
24th Apr 20183:55 pmPRNHolding(s) in Company
29th Mar 20184:00 pmPRNTotal Voting Rights
111213141516171819

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