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Santos Limited Director Increases Stake, Reflecting Confidence in Company Prospects

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Santos Limited Director Increases Stake, Reflecting Confidence in Company Prospects

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Santos Limited ( (AU:STO) ) has shared an announcement.

Santos Limited announced a change in the director’s interest, with Vickki McFadden, a director and shareholder of Tallis Pty Limited, increasing her indirect interest in the company by acquiring 24,000 ordinary shares. This move, executed through an on-market purchase at an average price of AU $6.58 per share, raises her total holding to 50,000 shares. This acquisition reflects confidence in the company’s prospects and may positively influence stakeholder perceptions, highlighting the director’s commitment to the company’s growth.

More about Santos Limited

Santos Limited is a significant player in the energy sector, primarily involved in the exploration and production of oil and natural gas. The company focuses on supplying energy needs across Australia and Asia, positioning itself as a key provider in the regional market.

YTD Price Performance: -11.79%

Average Trading Volume: 8,857

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $14.14B

For detailed information about STO stock, go to TipRanks’ Stock Analysis page.

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