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SANTOS LIMITED — Major Shareholding Notification 2021
Mar 7, 2021
65872_rns_2021-03-07_e805ebb1-4cb1-4695-9ec5-eb90c640817c.pdf
Major Shareholding Notification
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ASX / Media Release
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8 March 2021
ENN share sale and resignation of director
Santos has been advised by ENN Group (ENN) that it has sold approximately 107.1 million shares representing a 5.14 per cent interest in Santos at $7.33 per share.
The sale process was oversubscribed and received strong support from existing and new institutional shareholders.
ENN has advised Santos that it remains fully supportive of Santos’ strategy and future direction and is excited to remain Santos’ largest individual shareholder with a 9.97 per cent stake.
As a result of the reduced shareholding, the 2017 strategic relationship agreement with ENN regarding board representation and other matters is no longer effective. Accordingly, the ENN-nominated director Mr Eugene Shi will resign from the Santos Board following completion of the sale.
Ends.
This ASX announcement was approved and authorised for release by Kevin Gallagher, Managing Director and Chief Executive Officer.
Media enquiries James Murphy +61 (0) 478 333 974 [email protected]
Investor enquiries
Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T +61 8 8116 5000 F +61 8 8116 5131 www.santos.com
Andrew Nairn +61 8 8116 5314 / +61 (0) 437 166 497 [email protected]
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