Caltex completes $260M off-market buy-back

Caltex Australia (ASX:CTX) has today announced the successful completion of its $260 million Off- market Buy-back.

Due to high demand for the Buy-back an 86.86% scale-back of successful tenders was required. It was structured in a way to minimise the disadvantage for eligible registered shareholders with Small Holdings being disadvantaged.

Shareholders who tendered their shares at a 14 per cent discount or as a Final Price Tender will have a Priority Allocation of 185 shares bought back before the scale back is applied.

Shareholders who were successful in tendering all their shares as a Final Price Tender and would be left with 75 shares, will have all of their shares bought back in full.

Shares which were tendered but not bought back are expected to be released into shareholders’ holdings by the close of business today.

Caltex has requested a Class Ruling from the Australian Taxation Office in regards to tax implications of the Buy-back. 

Please find the announcement attached