Apart from Santos' commitment for 2.9 million OCA shares, the Santos Group holds a further 11.8 million shares in OCA.
Santos will consider the Origin offer in respect of its remaining holding in OCA, taking into account the Independent Expert's Report, which will accompany the target's statement, the recommendation of the OCA Independent Director and any other offers that eventuate.
Santos has held shares in OCA since 1987. The book value of the shares held by Santos is currently $1.13.
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