Santos is pleased to offer eligible shareholders(1) an opportunity to acquire additional Santos shares under a Share Purchase Plan Offer (SPP Offer).
The intention to launch the SPP Offer was announced at the time of Santos’ recent institutional placement which was conducted to strengthen the company’s balance sheet and provide Santos with the financial flexibility to take advantage of growth opportunities that are aligned to its core business and recently announced strategic plan.
The SPP Offer aims to raise approximately A$500 million and is not underwritten. Santos may determine to raise a higher amount or decide to scale back applications under the SPP Offer at its absolute discretion.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ recent institutional placement received strong support from existing shareholders and high quality new investors. Santos is now positioned to deliver a low-cost, reliable and high performance business with financial flexibility to build and grow the business in a low oil price environment.”
“We are pleased to offer eligible shareholders an opportunity to participate in Santos’ turnaround strategy. The SPP Offer allows eligible shareholders to acquire additional Santos shares on terms at least as favourable as our institutional investors,” Mr Gallagher said.
The SPP Offer opens on Thursday, 22 December 2016 and is scheduled to close at 5.00pm (AEDT) on Tuesday, 31 January 2017.
Full details of the SPP Offer are available in the SPP Offer Booklet released to ASX today.
For further information regarding the SPP Offer, please contact the Registry, Computershare Investor Services Pty Limited from 8.30am to 5.00pm (AEDT) Monday to Friday on 1300 651 732 (callers within Australia) or +61 3 9415 4054 (callers outside Australia) or visit www.santos.com
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any security or financial product and neither this announcement nor anything attached to this announcement shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or the solicitation of an offer to buy, securities in the United States or any other jurisdiction in which such an offer would be illegal. Any securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state or jurisdiction of the United States. Accordingly, the securities may not be offered or sold, directly or indirectly, in the United States unless they have been registered under the U.S. Securities Act (which Santos has no obligation to do or procure), or are offered and sold in a transaction exempt from, or not subject to, the registration of the U.S. Securities Act and any other applicable United States state securities laws.
(1) Eligible Shareholders being holders of fully paid ordinary shares in Santos at 7.00pm (AEDT) on 14 December 2016 and whose address on the share register is in Australia or New Zealand, provided that such shareholder is not in the United States, or acting for the account or benefit of a person in the United States. The SPP is also being extended to eligible shareholders who are custodians to participate in the SPP on behalf of certain eligible beneficiaries on the terms and conditions set out in the SPP Offer Booklet.