The Market Price for Santos’ off-market share buy-back (as defined in the Buy-Back booklet) is $14.1349. On this basis, the tender discounts are equivalent to the following tender prices (rounded to the nearest cent):
|Tender discount||Tender price|
The results of the buy-back, including the buy-back price and any scale back, will be posted and available to be viewed on Santos’ website and lodged with the ASX on Saturday, 30 June 2007.
Shareholder enquiries in relation to the buy-back may be directed to Santos’ dedicated enquiry line on 1300 366 075 within Australia or +613 9415 4612 from outside Australia.
Not for distribution or release in or into the United States or Canada
This press release does not constitute, or form part of, any offer or invitation to sell, or any solicitation of any offer to purchase any securities in any jurisdiction, nor shall it or the fact of its distribution be relied on in connection with any contract thereof. No indications of interest in the buy-back are sought by this press release.
Shareholders who are (or nominees who hold Santos Limited shares on behalf of or for the account of persons who are) in the United States or US persons, (within the meaning of Regulation S under the United States Securities Act of 1933), residents of Canada or who are otherwise excluded foreign persons will not be eligible to participate in the off-market buy-back described in this press release. ADRs and restricted employee shares may not be tendered into the buy-back. Buy-back documents, including the booklet describing the terms of the buy-back and tender forms, when issued, will not be distributed or sent into the United States or Canada.
Forward looking statements
This press release contains forward-looking statements, including statements regarding the implementation of the off-market buy-back and its effects on our business and securities. The results and effects of the off-market buy-back may differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include the number of shares bought back, the buy-back price and the general trading and economic conditions affecting our business. We do not undertake any obligation to revise these forward looking statements to reflect any future events or circumstances.