Santos share purchase by Hony

Santos notes the purchase of 48 million shares representing 2.3% of the company’s issued capital at a price of $3.84 by Hony Capital after market close on 3 May 2017.

Santos understands the purchase will increase Hony, ENN and affiliates’ interest in the company to 15.1%.

The acquisition price represents a 6% premium to yesterday’s closing price of $3.63.