Listing details
Iluka shares on issue: 422.7 million. The company’s ticker code is ILU. Iluka’s shares are listed exclusively on the Australian Stock Exchange. Iluka does not operate a sponsored ADR programme.
Demerger Shareholder Cost Base
Iluka Resources implemented the demerger of its royalty business, Deterra Royalties, on 2 November 2020.
Iluka anticipates the tax cost base of Iluka shareholders pre-demerger holding to be apportioned between their Iluka and Deterra shareholdings based on the following percentage:
Iluka – 54.91%, Deterra – 45.09%
This reflects the Volume Weighted Average Prices (VWAP) for the two entities in the first 5 days of trade post demerger (23-29 October) of $5.2083 and $4.2771 for Iluka and Deterra respectively. Iluka anticipates this to be reflected in the final ATO class ruling when published.
Further information on calculation of cost bases in a demerged entity is available on the ATO website - refer ATO - Cost Base Calculations.
Dividend reinvestment plan
In 2018, Iluka introduced a new Dividend Reinvestment Plan, under which eligible shareholders are able to invest all or a portion of their dividend entitlements in additional Iluka shares. This plan replaces the previous Iluka dividend reinvestment plan (introduced in 2007) which was suspended in 2010 and has been terminated by the Board of Directors.
DRP documents