Share advisory for OSL investors

Business, Normal

OIL Search Ltd (OSL) has advised its shareholder that the price at which shares will be issued under the dividend reinvestment plan (DRP) for the 2009 final dividend is A$5.80 (K14.52) per share.
Oil Search company secretary Stephen Gardiner, in a letter to the Port Moresby Stock Exchange (POMSoX) yesterday, said the price for shares under the DRP was calculated under with the DRP Rules and was  the arithmetic average of the daily volume weighted average sale prices of all the Oil Search shares sold on Australian Stock Exchange (ASX).
Mr Gardiner said this excluding off-market trade during the 10 trading days from and including March 19, 2010 which is 2% less discount.
He said as previously announced, the DRP fully underwent for the 2009 final dividend.