Overview

Caltex Australia (ASX: CTX) completed an off-market buy-back of approximately 11.1 million shares worth A$260.2 million of capital from shareholders. This represented 4.26% of the issued share capital of Caltex.

The ex-entitlement date was 1 March 2019, and shares were taken to have been disposed of for CGT purpose on 15 April 2019, being the buy-back completion date. The cash payment date was 23 April 2019.

The buy-back price received by participating shareholders comprised of two components:

• a dividend component, and
• a capital component.

Participating shareholders were paid a fully franked dividend of $21.42 (dividend component) for each CTX share disposed of in the buy-back. The deemed capital proceeds were $5.60 per share, being a $2.01 capital component, plus $3.59, being the amount by which the tax value for CGT purposes ($27.02) exceeded the buy-back price ($23.43).

Participation in the Caltex buy-back was voluntary, i.e. shareholders had to choose whether to participate in the buy-back, and the amount subject to the buy-back varies from fund to fund.

Class users are required to process this Corporate Action at the Fund Level.

Buy-back details

Refer to our User Guide on the Corporate Actions Console for detailed steps on how to generate a Corporate Action in Class.