16 November 2017
Response to Media Report
In response to media speculation today, Santos confirms that it is not currently engaged in discussions with, and has not received a current proposal from, Harbour Energy regarding a change of control transaction for Santos. On 14 August 2017 Santos received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all the shares in Santos by way of a scheme of arrangement. The indicative price was AUD$4.55 per share. The Board rejected the approach on the basis that the indicative price was inadequate and the sources of funds were uncertain. Santos receives a range of proposals from time to time and is at all times in compliance with its continuous disclosure obligations.
STO Price at posting:
$4.38 Sentiment: Buy Disclosure: Held
