Caltex Australia Limited
(ASX:CTX) has announced the successful completion of its $270 million off-market share buy-back.
The buy-back price was $29.39 per share, which was at a 14 per cent discount, equating to 3.4 per cent of the issued capital of the company.
Caltex says it embarked on the buy-back in order to maximise total shareholder returns and manage capital efficiently.
The company says it’s also committed to maintaining sensible debt levels.
Caltex Australia reported a net profit of $522.62 million at 31 December 2015.
