An announcement from Pilbara Minerals Limited ( (AU:PLS) ) is now available.
Pilbara Minerals Limited (PLS) has announced that the Australian Taxation Office (ATO) has published two class rulings regarding the tax implications for Latin Resources Limited shareholders and optionholders. The Scheme Ruling confirms the availability of scrip for scrip capital gains tax roll-over relief for certain shareholders, but not for optionholders. Meanwhile, the Demerger Ruling states that demerger roll-over relief is not available for the distribution of ESG Minerals Limited shares, and that these shares do not constitute a dividend. These rulings provide clarity on the tax treatment of recent corporate actions involving Latin Resources, impacting the financial planning of stakeholders involved.
More about Pilbara Minerals Limited
PLS is a leading global producer of lithium materials, with a diversified portfolio of assets and strategic partnerships in the rapidly growing battery materials sector. The Group owns 100% of the world’s largest, independent hard-rock lithium operation, the Pilgangoora Operation in Australia, and the Colina Lithium Project in Brazil. PLS is also integrated into the lithium value chain through its joint venture with POSCO in South Korea, which manufactures battery-grade lithium hydroxide. With significant scale, high-quality assets, and a strong commitment to advancing the global energy transition, PLS has established enduring partnerships with leading international companies in the sector such as POSCO, Ganfeng, Chengxin, Yahua, and General Lithium.
YTD Price Performance: -11.76%
Average Trading Volume: 34,646
Technical Sentiment Signal: Buy
Current Market Cap: $3.72B
See more data about PLS stock on TipRanks’ Stock Analysis page.