TIDMTLW TIDMTTM TIDMTTM
RNS Number : 4486D
Tullow Oil PLC
26 April 2017
Tullow Oil plc ("Tullow" or the "Company")
Director/PDMR Notification
The Company announces certain transactions which have occurred
under the Company's employee share plans in relation to the nil
paid rights issued pursuant to the Company's rights issue which was
announced on 17 March 2017 (the "Rights Issue"). In addition,
certain adjustments have been made to awards made and/or held under
the Company's employee share plans.
Share Incentive Plan
The following transactions occurred in respect of certain of the
Company's PDMR's participation in the Tullow UK Share Incentive
Plan.
Name and Nil Nil paid Price Nil paid Price
title of paid rights nil paid rights at which
PDMR rights sold rights retained nil paid
attached sold on and taken rights
to SIP 6 April up taken
holding 2017 up on
24 April
2017
---------------- ---------- --------- ------------ ----------- ----------
Paul McDade
CEO 6,029 3,726 GBP0.803875 2,303 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Angus McCoss
Exploration
Director 3,492 2,158 GBP0.803875 1,334 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Ian Springett
CFO 2,716 1,679 GBP0.803875 1,037 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Ian Cloke
VP, New
Ventures 3,322 2,053 GBP0.803875 1,269 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
David Lawrie
VP, North
& West Africa 2,336 1,444 GBP0.803875 892 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Gary Thompson
VP, East
Africa 1,179 729 GBP0.803875 450 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Brian Williams
VP, Corporate
Finance 6,029 3,726 GBP0.803875 2,303 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Les Wood
Interim
CFO 453 280 GBP0.803875 173 GBP1.30
---------------- ---------- --------- ------------ ----------- ----------
Tullow Incentive Plan awards
The following adjustments have occurred to certain of the
Company's PDMRs' vested and unvested awards under the Tullow
Incentive Plan ("TIP"). The adjustments have been calculated by an
independent agent pursuant to the rules of the TIP.
Name and title Original award Additional awards
of PDMR grant date pursuant to adjustment*
----------------------- ------------------- -------------------------
Aidan Heavey 19 February 2014 17,840
Chairman 18 February 2015 26,462
11 February 2016 97,944
------------------------------------------- -------------------------
Paul McDade 19 February 2014 10,088
CEO 18 February 2015 14,966
11 February 2016 55,390
------------------------------------------- -------------------------
Angus McCoss 19 February 2014 10,088
Exploration Director 18 February 2015 14,966
11 February 2016 55,390
------------------------------------------- -------------------------
Ian Springett 19 February 2014 10,712
CFO 18 February 2015 15,890
11 February 2016 58,814
------------------------------------------- -------------------------
Ian Cloke 19 February 2014 3,746
VP, New Ventures 18 February 2015 3,862
11 February 2016 17,155
------------------------------------------- -------------------------
David Lawrie 19 February 2014 4,515
VP, North & West
Africa 18 February 2015 5,296
11 February 2016 23,529
------------------------------------------- -------------------------
Gary Thompson 19 February 2014 1,518
VP, East Africa 18 February 2015 5,602
11 February 2016 24,887
------------------------------------------- -------------------------
Brian Williams 19 February 2014 5,681
VP, Corporate
Finance 18 February 2015 5,692
11 February 2016 25,286
------------------------------------------- -------------------------
Les Wood 18 February 2015 4,634
Interim CFO 11 February 2016 23,631
----------------------- ------------------- -------------------------
* The vesting date for each tranche of additional awards is the
same as the vesting date for the underlying awards to which they
have been added.
Tullow Employee Share Awards Plan awards
The following adjustments have occurred to certain of the
Company's PDMRs' vested and unvested awards under the Tullow
Employee Share Awards Plan ("ESAP"). The adjustments have been
calculated by an independent agent pursuant to the rules of the
ESAP.
Name and title Original award Additional awards
of PDMR grant date pursuant to adjustment*
------------------- ------------------ -------------------------
Ian Cloke
VP, New Ventures 6 August 2015 4,793
------------------- ------------------ -------------------------
David Lawrie
VP, North & West
Africa 6 August 2015 6,574
------------------- ------------------ -------------------------
Gary Thompson
VP, East Africa 6 August 2015 6,954
------------------- ------------------ -------------------------
Brian Williams
VP, Corporate
Finance 6 August 2015 7,065
------------------- ------------------ -------------------------
Les Wood 19 February 2014 5,592
Interim CFO 6 August 2015 6,603
------------------- ------------------ -------------------------
* The vesting date for each tranche of additional awards is the
same as the vesting date for the underlying awards to which they
have been added.
Tullow Performance Share Plan 2005 awards
The following adjustments have occurred to certain of the
Company's PDMRs' vested awards under the Tullow Performance Share
Plan 2005 ("PSP"). The adjustments have been calculated by an
independent agent pursuant to the rules of the PSP.
Name and title Original award Additional awards
of PDMR grant date pursuant to adjustment*
------------------- ------------------ -------------------------
Paul McDade 15 May 2008 13,905
CEO 18 March 2009 17,037
17 March 2010 2,420
-------------------------------------- -------------------------
Ian Springett 1 September 2008 11,930
CFO 18 March 2009 18,091
17 March 2010 2,569
-------------------------------------- -------------------------
Ian Cloke 18 March 2009 3,250
VP, New Ventures 17 March 2010 665
------------------- ------------------ -------------------------
Gary Thompson
VP, East Africa 9 September 2013 5,440
------------------- ------------------ -------------------------
Brian Williams 15 May 2008 7,255
VP, Corporate
Finance 18 March 2009 7,123
17 March 2010 1,267
-------------------------------------- -------------------------
* The vesting date for each tranche of additional awards is the
same as the vesting date for the underlying awards to which they
have been added.
Tullow Deferred Share Bonus Plan 2005 awards
The following adjustments have occurred to certain of the
Company's PDMRs' vested awards under the Deferred Share Bonus Plan
2005 ("DSBP"). The adjustments have been calculated by an
independent agent pursuant to the rules of the DSBP.
Name and title Original award Additional awards
of PDMR grant date pursuant to adjustment*
---------------- ------------------- -------------------------
Paul McDade 13 March 2008 2,543
CEO 18 March 2009 4,915
17 March 2010 2,761
18 March 2011 1,958
21 March 2012 4,472
22 February 2013 4,471
------------------------------------ -------------------------
Ian Springett 17 March 2010 2,932
CFO 18 March 2011 2,079
21 March 2012 4,748
22 February 2013 4,748
------------------------------------ -------------------------
* The vesting date for each tranche of additional awards is the
same as the vesting date for the underlying awards to which they
have been added.
Tullow Executive Share Option Scheme 2000 awards
The following adjustments have occurred to the following vested
award under the Tullow Executive Share Option Scheme 2000 ("ESOS").
The adjustment has been calculated by an independent agent pursuant
to the rules of the ESOS.
Name and title Original award Additional awards
of PDMR grant date pursuant to adjustment*
------------------- ---------------- -------------------------
Ian Cloke
VP, New Ventures 13 March 2008 2,424
------------------- ---------------- -------------------------
* The vesting date for the additional awards is the same as the
vesting date for the underlying award to which they have been
added.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 26, 2017 11:01 ET (15:01 GMT)
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