Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Elementis PLC (ELM)

  Print      Mail a friend       Annual reports

Thursday 28 April, 2005

Elementis PLC

AGM Statement

Elementis PLC
28 April 2005

28 April 2005

                                 ELEMENTIS plc

 Chairman's Statement at Today's Annual General Meeting including Board Changes

At today's Annual General Meeting, Keith Hopkins, Chairman of Elementis plc
(LSE: ELM) said:

Trading Statement

'Elementis has continued to make progress in line with expectations during the
first three months of 2005.

The increases in Chromium chemicals prices implemented in January were sustained
throughout the first quarter, and sales rose by 15 per cent in US Dollars
compared to the same period last year, on essentially flat volume. Further price
increases of up to 20 per cent have gone into effect in April, and additional
increases are planned for July. Variable costs have risen as anticipated and
global capacity rationalisation has continued.

In Specialties and Pigments sales were flat in US Dollars, with improved pricing
compensating for a relatively slow start to the US coatings season. As
previously announced, annualised synergy benefits of £3.5 million from the Servo
acquisition will start to come through in the second half of 2005. Start-up of
our new Pigments plant in TaiCang, China has proceeded as expected and
commercial sales have commenced.

Sales of Specialty Rubber products rose 7 per cent in US Dollars, reflecting
good demand in all major market sectors and regions.

As part of management's continued focus on cost control and as a result of
significant progress in resolving legacy issues and simplifying administration
processes, Elementis expects to reduce overhead costs by approximately £2
million annually during the second half of 2005, with the full benefit to be
felt in 2006. The one off costs associated with this action are expected to be
approximately £1 million and will be incurred in the current year.

While input cost inflation remains, particularly for energy and ocean freight,
our leadership in chromium chemicals, improvements at Servo and the cost
benefits of the TaiCang Pigments plant are all expected to drive improved
operating performance as the year progresses.'

Board Changes

'Michael Hartnall, who was appointed a director of the Company in 1993, has, in
line with best practice, decided to step down from the Board as senior
independent non executive director and Chairman of the Audit Committee following
the conclusion of the Annual General meeting of the Company today.

Chris Girling, who is finance director of Carillion plc, is to be appointed as a
non executive director and Chairman of the Audit Committee with effect from
tomorrow, 29 April 2005.

Edward Wilson, who has been a non executive director of the Company since 1999
and is Chairman of the Remuneration Committee is to replace Michael Hartnall as
the senior independent non executive director with effect from today.

Philip Brown, who has been the Secretary of the Company since 1992 and was
appointed to the Board in 2000, is to retire from the Company with effect from
30 June 2005.

I would like to thank Michael and Philip for the contributions they have made
during a long period of service which has seen the Company transformed from
Harrisons & Crosfield, a diversified conglomerate, to the speciality chemical
company which Elementis is today. I am particularly pleased that Philip has
agreed to stay on as the Chairman of the Trustees of the Elementis Group Pension

I am delighted to welcome Chris Girling to the Board. I have no doubt that the
Company will benefit from the strong financial management experience which Chris
will bring to the Board.'



Elementis +44 (0)1784 227000

Geoff Gaywood Chief Executive
Brian Taylorson Finance Director
Hilary Reid Evans Head of Investor Relations and Corporate Communications

Brunswick +44 (0)20 7404 5959

Kate Holgate
Wendel Verbeek
Laure Kornian-Chabert

                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t