Westpac announced on 2 November 2005 that it would undertake an off-market share buy-back. The buy-back results were announced on 19 December 2005.

Components of buy-back price

The buy-back price was $19.13 per share. This amount consisted of:

  • a fully franked dividend of $15.13 per share, and
  • a capital component of $4.00* per share.

* For capital gains tax purposes, participants in the buy-back are deemed to have received $5.18 as the capital component of the buy-back price. See Class Ruling CR 2006/6 - Income tax: off-market share buy-back: Westpac Bank Limited for more details.

    Last modified: 14 Dec 2007QC 18802