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Wednesday, June 5, 2024

Equity Corporate Actions Alert #2024 - 262
Spin-Off/Distribution Information for Illumina, Inc. (ILMN)

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  • Industry Announcement

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On June 3, 2024, Illumina, Inc. (ILMN) announced a spin-off of its wholley-owned subsidiary, GRAIL, LLC, name to be changed to GRAIL, Inc. prior to the distribution date. The EX distribution when-issued market of Illumina, Inc. (ILMNV) and the when-issued market for GRAIL, Inc. (GRALV) will begin trading on Nasdaq on Wednesday, June 12, 2024. The details for the spin-off and when-issued markets are as follows:

Parent Company/Issue: Illumina, Inc. Common Stock
CUSIP: 452327109
Symbol: ILMN
Record Date: June 13, 2024
Payment Date: June 24, 2024
EX Date: June 25, 2024
Due Bill Redemption Date: June 25, 2024
Ratio of Spin-Off/ Distribution:
 One (1) GRAIL, Inc. Common Stock (GRAL) for every six (6) Illumina, Inc. Common Stock (ILMN) shares held.

An EX distribution when issued market will be established for Illumina, Inc. Common Stock. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: ILMNV
CUSIP: 452327117
First Trade Date: June 12, 2024
Anticipated Suspension Date: June 25, 2024
Settlement Date: June 26, 2024

A when-issued market on Nasdaq Global Select Market will be established for the shares of GRAIL, Inc. Common Stock (GRALV). The symbol will change to GRAL on June 25, 2024. The details for the when issued market are as follows:

Symbol: GRALV
CUSIP: 384747101
First Trade Date: June 12, 2024
Regular Way Trading Begins: June 25, 2024
Settlement Date: June 26, 2024

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in ILMNV or GRALV contact Nasdaq Trading Services at +1 212 231 5100.

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