16 November, 2021
JMP Markets – Market Alert
Santos & Oil Search Proposed Merger
What is the “Scheme”? -Santos Limited and Oil Search Limited are proposing to merge their businesses to create a “significant oil and gas company with geographic and asset diversification”
Will Oil Search shareholders be paid cash for their shares? -NO. If the Scheme goes ahead, Oil Search Limited shareholders will receive 0.6275 Santos shares for each Oil Search share they own
Scheme Booklet for Proposed Merger of Oil Search Limited and Santos Limited has been released.
Investors must read it carefully and consider their vote carefully.
Scheme Meeting is scheduled for:
10:00 am (Port Moresby Time) on Tuesday, 7 December 2021
The meeting will be virtual only. No physical meeting.
Talk to your broker or financial advisor if you have any questions about the Scheme:
You can also call Oil Search Shareholder Information Line on:
1300 150 530 (within Australia) or +61 2 9066 4081 (outside Australia)