Tullow Oil PLC Holding(s) in Company (9481M)
October 19 2016 - 5:45AM
UK Regulatory
TIDMTLW
RNS Number : 9481M
Tullow Oil PLC
19 October 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or TULLOW OIL PLC
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
------------------------------------------------------------- -----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
--------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights x
---------------------------------------------------------------- --------------------------------
An acquisition or disposal of qualifying financial x
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
---------------------------------------------------------------- --------------------------------
An acquisition or disposal of instruments with x
similar economic effect to qualifying financial
instruments
---------------------------------------------------------------- --------------------------------
An event changing the breakdown of voting rights
---------------------------------------------------------------- --------------------------------
Other (please
specify):
--------------------------------------------------------- ----- --------------------------------
3. Full name of person(s) Deutsche Bank AG
subject to the
notification obligation:
(iii)
----------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s) Deutsche Bank AG, London Branch
(if different from 3.):(iv)
----------------------------------------------------------- -------------------------------------
5. Date of the transaction 14/10/2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------------
6. Date on which issuer 18/10/2016
notified:
----------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are Above 6%, 7%
crossed or
reached: (vi, vii)
----------------------------------------------------------- -------------------------------------
8. Notified details:
--------------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
--------------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
-------------- ------------------------------------------- -------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
-------------- ---------------------- ------------------- -------------- ------------------------ -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------- ----------- ----------- ---- -------------- ------------- --------- ------------ -----------
GB0001500809 25,047,967 25,047,967 24,014,099 24,014,099 0 2.63% 0
---------------------- ------------------- -------------- ------------- --------- ------------ -----------
B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
------------------------- ------------- ----------------------------------- -------------------------- ---------------------
Right To Recall 1.19%
Call option 15-Dec-17 10,891,800 1.10%
10,000,000
------------------------- ------------- ----------------------------------- -------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
--------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- -------------------- ------------- -------------------- -------------------------- -----------------------
Nominal Delta
-------------- -------------------- -------------------- ------------ ---------
Swaps 31-Aug-17 14,866,339 1.63% 1.63%
Put Option 15-Dec-17 10,000,000 1.10% 1.10%
---------------- ------- ----------- ------------- ---- ------ ------ -------------------------- ------------ ---------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------------- -----------------------------------------------------------
69,772,238 7.65%
------------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------------------
Deutsche Bank AG, London Branch - 7.65%
Proxy Voting:
--------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- -----------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- -----------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- -----------------------------
13. Additional information:
------------------------------------------------------------- -----------------------------
14. Contact name: Kevin Massie
Corporate Counsel & Company
Secretary
Tullow Oil plc
------------------------------------------------------------- -----------------------------
15. Contact telephone number: 020 3249 9000
------------------------------------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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