Company Equity Issues and Buy-Backs

A summary of Santos’ share issues since 1954 including Rights and Bonus Issues.

YearType of IssueClassRate of IssuePer ShareAllotment DateSpecial Remarks
1956 Rights Ordinary 1 for 1 2/6 29.06.56   
1957 Rights Ordinary 1 for 2 2/6 29.07.57   
1961 Rights Ordinary 1 for 2 2/6 19.07.61  
1977 Bonus Ordinary 2 for 1  - 31.12.77 From Share Premium A/c
1981 Bonus Ordinary 2 for 1  - 02.05.81 From Share Premium A/c
1984 Rights Ordinary 1 for 4 $4.00 27.06.84  
1985 Rights Ordinary 1 for 4 $3.50 18.10.85  
1987 Rights Ordinary 1 for 10 $3.00 24.03.87  
1988 Bonus Ordinary 1 for 10   17.05.88 From Share Premium A/c
1988 Rights Ordinary 1 for 4 $3.20 09.01.89  
1990 Rights Ordinary 1 for 10 $4.00 11.10.90  
1997 Rights Ordinary 1 for 8 $4.00 02.06.97  
2001 General Offer Preference $350m $100 04.12.01 6.57% Rest Convertible Preference Share (Reset) Offer
2001 Off-market Buy Back Ordinary $250m $6.17 04.12.01 Capital component of $2.63 and a fully franked dividend
of $3.54
2004 Redemption Preference $350m $100 30.09.04 Various options were offered to provide $105 of value
prior to redemption. (Refer FUELS prospectus)
2004 Rollover & General Offer Preference $600m $100 30.09.04 Franked Unsecured Equity Listed Securities (FUELS)
Reset holders were entitled to roll into FUELS
2007 Off-market Buy Back Ordinary $300m $12.16 30.06.07 Capital component of $2.79 and a fully franked dividend of $9.37
2008 Off-market Buy Back Ordinary $300m $16.23 06.10.08 Capital component of $2.98 and a fully franked dividend of $13.25
2009 Rights  Ordinary 2 for 5 $12.50 22.05.09 Accelerated pro-rata non-renounceable entitlement offer
– institutional investors
2009 Rights  Ordinary 2 for 5 $12.50 16.06.09 Accelerated pro-rata non-renounceable entitlement offer
– retail investors
2009 Redemption  Fuels  $600m $100.00 30.09.09 Redemption of convertible preference shares at their face value
2010 Placement  Ordinary $500m $12.55 24.12.10 Institutional placement

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Retail Entitlement Offer 2009

On 13 May 2009, Santos announced that it had successfully raised approximately $1.75 billion through the institutional component of the Entitlement Offer, and that the retail component of the Entitlement Offer would be underwritten.

View the offer announcements and information

Share Buy-Back 2008

On 21 August 2008, Santos announced an off-market buy-back of approximately $300 million worth of Santos Limited ordinary shares. 

Share Buy-Back 2007

View the 2007 buy-back announcements and information

FUELS

On 24 August 2004 Santos announced the redemption of its existing Reset Convertible Preference Shares and the issue of FUELS, which stands for Franked Unsecured Equity Listed Securities. 

View the FUELS announcements and information