On Thursday, 10 September 2020 Iluka released the Demerger Booklet containing information regarding the proposed Demerger of Deterra Royalties Limited (Deterra) from Iluka.
Following the vote held at the Company's EGM on 16 October 2020, Iluka shareholders voted overwhelmingly in favour of the resolution. Eligible shareholders will receive one share in Deterra for every Iluka share held at the demerger record date. Iluka will retain a minority shareholding interest of 20 per cent in Deterra as a long-term investment.
Documents containing further information released via the ASX announcement platform related to the demerger can be found below.