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BRIEF-Santos successfully completes retail entitlement offer

Published 02/12/2015, 02:27 pm
Updated 02/12/2015, 02:30 pm
© Reuters.  BRIEF-Santos successfully completes retail entitlement offer
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Dec 2 (Reuters) - Santos Ltd STO.AX :

* Santos successfully completes retail entitlement offer STO.AX

* Completion of the retail entitlement offer represents the second stage of santos' $2.5 billion equity raising

* Announces successful completion of the retail component of its fully underwritten 1 for 1.7 pro rata renounceable entitlement offer

* Says Santos received valid acceptances in respect of 201 million new shares

* Institutional component of the entitlement offer closed on Wednesday, 11 November 2015

* Settlement date for new shares to be issued and retail shortfall bookbuild is expected to be Wednesday, 9 December 2015

* Says new shares are expected to be issued on Thursday, 10 December 2015

* Says $775 million in applications under the retail entitlement offer were received

* Source text for Eikon ID:nASX1k8pF9

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