Caltex Australia (ASX
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
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.