May 17 (Reuters) - Santos Ltd (STO) :
- RECEIVED BINDING, CONDITIONAL PROPOSAL FROM HARBOUR ENERGY AUSTRALIA PTY LTD
- REVISED HARBOUR ENERGY PROPOSAL
- REVISED HARBOUR PROPOSAL TO ACQUIRE 100% OF CO SHARES BY WAY OF A SCHEME OF ARRANGEMENT FOR CONSIDERATION EQUIVALENT TO US$4.98 PER SHARE
- PROPOSAL FROM HARBOUR ENERGY AUSTRALIA PTY TO BUY 100% OF CO'S SHARES VIA SCHEME OF ARRANGEMENT FOR CONSIDERATION EQUIVALENT TO US$4.98/SHARE
- INDEPENDENT DIRECTORS OF SANTOS WILL CONSIDER REVISED HARBOUR PROPOSAL AND WILL UPDATE SHAREHOLDERS ACCORDINGLY
- SANTOS SHAREHOLDERS ARE ADVISED TO TAKE NO ACTION IN RELATION TO REVISED HARBOUR PROPOSAL AT THIS TIME
- THERE IS NO CERTAINTY THAT REVISED HARBOUR PROPOSAL WILL RESULT IN AN OFFER FOR SANTOS THAT IS CAPABLE OF BEING CONSIDERED BY SHAREHOLDERS
- CHANGES INCLUDE OFFER TO ENN & HONY TO ROLL-OVER THEIR EXISTING SANTOS SHARES INTO HARBOUR INVESTMENT VEHICLE & SUBSCRIBE FOR NEW SHARES
- OFFER TO ENN & HONY FOR EXISTING SHARE ROLL-OVER TO HARBOUR INVESTMENT VEHICLE, NEW SHARE SUBSCRIPTION UNAVAILABLE TO CO'S OTHER SHAREHOLDERS
News: STO Santos Says Received Revised Proposal From Harbour Energy Australia To Acquire Co
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