Caltex Australia Limited (CTX) Off-Market Buy-Back: Tender opens 18 March 2019

On Tuesday, 26 February, Caltex Australia Limited (CTX) announced plans to buy back around $260 million worth of its Shares through an off-market tender. It opened for tender on Monday, 18 March and will close on Friday, 12 April (7pm AEDT).

Eligible shareholders can offer to sell some or all of their Shares to Caltex:

  • at a discount to the Market Price that is within the Tender Discount Range (10% to 14%); or
  • at the final Buy-Back Price (as a Final Price Tender).

Caltex have sent an information booklet about the Buy-Back to all eligible shareholders. Shareholders should read all of the information in the Buy-Back Booklet before deciding whether to participate.

How to accept the offer

Eligible shareholders who wish to participate in the Buy-Back will be able to submit their acceptance through one of the following methods:

  • The preferred and most efficient method for all shareholders is to accept the offer through the Caltex online acceptance form before 7pm AEDT 12 April 2019
  • Alternatively, you can contact us by phone or email before 5:00pm AEDT 10 April 2019, or by post (must be received before 10 April 2019)

Impact to CommSec Adviser Services Investment Lending customers


If you are holding CTX shares as collateral on your CommSec Adviser Services Investment Loan, please be aware that acceptance of the buy-back offer may lead to a margin call position. Please ensure that there are sufficient funds available on the loan to facilitate participation without a margin call occurring.

If you would like to discuss how this may impact your CommSec Adviser Services Investment Loan, please call us on 1800 252 351, option 3 (8:30am to 6:00pm, Monday to Friday, AEDT) or email us at InvestmentLending@cba.com.au.

Important information for Exchange Traded Option customers


If you have CTX shares currently lodged as collateral for your Exchange Traded Option positions, you will need to contact us to recall the stock before accepting the Buy-Back offer.

Please be aware that you will be required to provide other stock or cash collateral to cover your Option positions.

Important dates*:


Event Date (2019)
Buy-Back Ex-Entitlement Date: the date that Shares commence trading on an ex-Buy-Back basis. Shares acquired on the ASX on or after this date will not confer an entitlement to participate in the Buy-Back Friday, 1 March
Buy-Back record date: determination of shareholders entitled to participate in the Buy-Back Monday, 4 March
Tender period opens Monday, 18 March
Tender period closes: Tenders must be received by the Registry no later than 7pm (AEDT) Friday, 12 April
Announcement of Buy-Back price and any scale back (if any) Monday, 15 April
Dispatch/crediting of Buy-Back proceeds to participating shareholders completed Tuesday, 23 April

*Please refer to the Off-Market Buy-Back booklet for the full timetable.

Further information


If you have any enquiries regarding the Off-Market Buy-Back, please contact the dedicated enquiry line on 1300 375 608 (within Australia) or +61 3 9415 4319 (from outside Australia).

This content is for information purposes only and should not be considered as a recommendation to buy, sell, hold or participate in the Caltex Australia Limited Buy-Back offer. We accept no responsibility, or liability for any inaccuracies contained in this notice.

Published: 25 March 2019