TIDMTLW TIDMPRU

RNS Number : 9437P

Tullow Oil PLC

23 November 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 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------------  ---------------------------------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------  ---------------------------------- 
 Other (please specify): 
---------------------------------------------------------------    ---------------------------------- 
 3. Full name of person(s)                                      Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                             Prudential plc 
                                                                         M&G Group Limited 
                                                                            M&G Limited 
                                                                     M&G Investment Management 
                                                                              Limited 
---------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                             18 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                22 November 2016 
  notified: 
---------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                               See item 13 
  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) 
--------------      -------------      -------------    --------------  ---------  ------------  ----------  ----------- 
 
    ORD GBP0.10 
   GB0001500809       45,896,527         45,896,527       45,757,356        0       45,757,356        0         5.01% 
----------------  -----------------  -----------------  --------------  ---------  ------------  ----------  ----------- 
 
 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. 
------------------  -----------------  ---------------------------------  -----------------------  --------------------- 
 
 
 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 
--------------  -----------------  -----------------  --------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                               Percentage of voting rights 
--------------------------------------------------------------------  -------------------------------------------------- 
 45,757,356                                                            5.01% 
--------------------------------------------------------------------  -------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 45,757,356 (5.01%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 45,565,479 (4.99%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 45,565,479 (4.99%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 45,565,479 (4.99%) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                               N/A 
--------------------------------------------------------  ---------------------------------------- 
 11. Number of voting rights proxy                                           N/A 
  holder will cease 
  to hold: 
--------------------------------------------------------  ---------------------------------------- 
 12. Date on which proxy holder will                                         N/A 
  cease to hold 
  voting rights: 
--------------------------------------------------------  ---------------------------------------- 
 
 
  13. Additional information:                                The following entities have triggered 
                                                             a notification, moving below a 5% 
                                                             indirect notifiable interest: 
 
                                                             M&G Group Limited (wholly owned 
                                                             subsidiary of Prudential plc) 
 
                                                             M&G Limited (wholly owned subsidiary 
                                                             of M&G Group Limited) 
 
                                                             M&G Investment Management Limited 
                                                             (wholly owned subsidiary of M&G 
                                                             Limited) 
--------------------------------------------------------  ---------------------------------------- 
 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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November 23, 2016 04:40 ET (09:40 GMT)

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