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Company News Summary

Santos Provides Update Regarding ENN

16 May 2018  |  10:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Santos update regarding ENN

Santos referred to its ASX Release which made reference to the media reports regarding a preliminary agreement between ENN and Harbour Energy (Harbour). ENN has since advised the Company that media reports were not an accurate translation of their announcement and should be interpreted as an intention to engage with Harbour and that no agreement has been reached between Harbour and ENN. The Company confirmed that the Strategic Agreement between it, ENN and Hony Capital (Hony) remains in effect. This requires ENN and Hony to procure the exercise of voting and disposal rights attaching to their Company shares in accordance with a majority recommendation of the Company Board in relation to a third-party change of control proposal.

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