Ampol successfully completes $300m share Buy-Back


Ampol announced the successful completion of its $300m off-market share buy-back. It has requested a Class Ruling from the Australian Taxation Office (ATO) in relation to the tax implications of the Buy-Back. This ruling is expected to confirm that $24.33 of the Buy-Back Price will be treated as a fully franked dividend and that for Australian capital gains tax purposes, the deemed capital proceeds will be $5.31, being the $2.01 Capital Component plus $3.30 (representing the excess of the Tax Market Value4 over the Buy-Back Price). The ATO has advised that they intend to issue their Class Ruling in relation to the Buy-Back shortly.



Leave A Comment

Create your account