IPL announces completion of the sale of the Waggaman facility

ASX Release

Incitec Pivot Limited (ASX:IPL) today announced that the sale of its ammonia manufacturing facility located in Waggaman, Louisiana, USA to CF Industries Holdings, Inc. successfully completed on Friday, 1 December 2023 (US time), with proceeds received on the same day. 

For further details regarding the Waggaman sale, refer to IPL’s ASX releases dated 20 March 2023 and 16 November 2023. 

As previously announced and subject to shareholder approval, IPL intends to return up to A$1bn of the Waggaman sale proceeds to shareholders through a combination of a proposed on-market share buyback of up to A$500m  and a proposed distribution of up to $500m that will be allocated between a pro-rata capital return and special unfranked dividend.  

Read the full ASX here.

For more information:

Investors Media
Geoff McMurray
General Manager Investor Relations
Tel: +61 3 8695 4553
Mobile: +61 418 312 773
geoff.mcmurray@incitecpivot.com.au

Media
Matthew Flugge
Group Vice President Corporate Affairs
Tel: +61 3 8695 4617
Mobile: +61 409 705 176
matthew.flugge@incitecpivot.com.au