What is the Demerger?

The Demerger is the separation of Iluka’s MAC Royalty business to create an independent ASX-listed royalty company, with a working name of RoyaltyCo.
On Demerger (post successful vote), eligible Iluka Shareholders will receive one RoyaltyCo share for each Iluka share held. Shareholders will also retain their Iluka shareholding.
A Demerger resolution will be put to Iluka shareholders at a General Meeting planned to be held later in 2020.

Why demerge the royalty business?
Why was the option to amend Iluka’s dividend policy or sell the royalty stream not pursued?
How does the Demerger work and what is the impact on my shareholding in Iluka?
Why has the decision been made now to demerge the royalty business?
What is the likely increase from the South Flank expansion?
Will RoyaltyCo have to make a contribution to the capital cost of South Flank or future developments?
What is the timing of the Demerger and when can we get more information on the RoyaltyCo business, strategy, and capital structure?
When will Iluka know the outcome of the application to the ATO for Demerger tax relief?
Will there be any costs associated with the Demerger?
What is the proposed corporate structure of RoyaltyCo?
What is the MAC Royalty?
What will Iluka look like post the Demerger?
Why is Iluka retaining a shareholding in RoyaltyCo?
extraMile by Integranet