Update on 2020 AGM resolution vote

Elementis plc

26 October 2020

Update on 2020 Annual General Meeting resolution vote

In accordance with the requirement of Provision 4 of the UK Corporate Governance Code (the 'Code'), Elementis plc (the 'Company') is providing this update following significant votes (defined as above 20%) against special resolution 15 (the 'Resolution') at its Annual General Meeting ('AGM') held on 29 April 2020.

As announced by the Company, this Resolution was approved by shareholders, however, 20.40% of the votes were cast against the shortening of the notice period for calling general meetings to 14 days. This authority is commonly sought by UK listed companies.  

A significant shareholder together with a small number of shareholders voted against this Resolution. The Company understands that certain shareholders typically vote against such resolutions as a matter of established voting policy.

The Company respects these voting policies and holds regular dialogue with its major shareholders during the course of the year. The Company continues to maintain that having the flexibility to call general meetings on short notice is, in certain circumstances, of benefit to shareholders, however the Board will continue to review the merits for including this type of resolution at future AGM's. The Company will continue to engage with its major shareholders to understand their views of the Company.

In accordance with the Code, a final summary will be included in the 2020 annual report and/or in the explanatory notes to resolutions at the next AGM.

Enquiries:

Laura Higgins

Group Company Secretary

+44 207 067 2999