ILU 0.90% $6.70 iluka resources limited

News: ILU Iluka resources updates on review of merger with Sierra Rutile

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    Oct 26 (Reuters) - Iluka Resources Ltd (ILU)

    • Iluka Resources provides merger update
    • Since 15 September 2016, both SRL and Iluka have been working together to assist German antitrust authority with its review of merger during Phase II proceedings
    • Subject to merger completing, there is no change to merger consideration of 36 pence in cash for each SRL share
    • SRL and Iluka are pleased to confirm that an agreement has been concluded with GOSL regarding CGT
    • Iluka and SRL have confirmed do not presently intend to exercise respective rights to terminate MIA in connection with Phase II proceedings
    • Pala investments, majority shareholder of SRL, has agreed to pay an amount in respect of capital gains tax
    • Each of Iluka and SRL have confirmed to other that they do not presently intend to exercise their respective rights to terminate MIA
    • GOSL confirmed that no other amounts will be payable by iluka, srl or any other srl shareholder in respect of capital gains tax or other taxes
 
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