Caltex Off-Market Buy-Back - Class Ruling from the Australian Taxation Office
Caltex has obtained a Class Ruling from the Australian Taxation Office in relation to the tax implications of the $270m off-market share buy-back for shareholders who participated in the buy-back. The Class Ruling confirms that $27.38 per share of the buy-back price of $29.39 will be treated as a fully franked dividend and that for Australian capital gains tax purposes, the deemed capital proceeds will be $6.73, being the $2.01 capital component plus $4.72 (representing the excess of the tax market value over the buy-back price). To view the Class Ruling, please click here.
ELECTRONIC INVESTOR COMMUNICATIONS – ASSIST US TO MAKE A DIFFERENCE
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MANDATORY ELECTRONIC INVESTOR PAYMENTS EFFECTIVE 1 JULY 2017
Caltex is transitioning to mandatory electronic payments from 1 July 2017. If you currently receive cheque payments, please ensure that your payment instructions are updated.