OSL to reissue shares at A$8.50

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The National, Wednesday October 2nd, 2013

 OIL Search Ltd said on Monday the price at which shares will be issued under dividend reinvestment plan (DRP) for the 2013 interim dividend is A$8.50 (K19) per share. 

Company secretary Stephen Gardner said in a statement the price was calculated under the DRP rules.

The price was the average of the daily volume weighted average sale prices of all Oil Search shares sold on the Australian Securities Exchange (excluding off-market trades) fom Monday, Sept 16, 2013, less a discount of 2%.