Santos has announced a simplified capital management framework targeting higher shareholder returns and including a minimum annual return of at least 40 per cent of free cash flow. Santos also announced a further US$350 million increase in the on-market share buyback.
Santos Doubles Size of Share Buyback, Outlines Capital Management Framework morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Santos has doubled its share buyback program in a new capital management framework that targets higher shareholder returns, now using a policy to return at least 40% free cash flow to shareholders.