Tullow Oil PLC Holding(s) in Company (0020A)
March 20 2017 - 1:25PM
UK Regulatory
TIDMTLW TIDM0H7D
RNS Number : 0020A
Tullow Oil PLC
20 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
--------------------------------------------------------------------------------------------------
1. Identity of the issuer or TULLOW OIL PLC
the underlying issuer
of existing shares to which
voting rights are
attached:
------------------------------------------------------------- -----------------------------------
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:
----------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s) Deutsche Bank AG, London Branch
(if different from 3.):
----------------------------------------------------------- -------------------------------------
5. Date of the transaction 16/03/2017
and date on
which the threshold is
crossed or
reached:
----------------------------------------------------------- -------------------------------------
6. Date on which issuer 20/03/2017
notified:
----------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are Above 9%
crossed or
reached:
----------------------------------------------------------- -------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------------------
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
Shares Voting rights
Rights
-------------- ------------------------ ------------------- -------------- ------------------------ -------------------------
Direct Direct Indirect Direct Indirect
-------------- ------- ----------- ----------- ---- -------------- ------------- --------- ------------ -----------
GB0001500809 26,539,552 26,539,552 31,599,649 31,599,649 0 3.46% 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
Period may be
acquired if
the
instrument
is
exercised/
converted.
------------------------- --------------- ----------------------------------- -------------------------- ---------------------
Right To Recall
7,449,733 0.81%
Call Option 15-Dec-17
10,748,000 1.18%
------------------------- --------------- ----------------------------------- -------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
---------------- -------------------- --------------- -------------------- -------------------------- -----------------------
Nominal Delta
-------------- -------------------- -------------------- ------------ ---------
Swaps 03-Jul-18 23,665,399 2.59% 2.59%
Put Option 15-Dec-17 10,000,000 1.09% 1.09%
---------------- ------- ----------- --------------- ---- ------ ------ -------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------------------------- -----------------------------------------------------------
83,462,781 9.13%
--------------------------------------------------------------------- -----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
--------------------------------------------------------------------------------------------
Deutsche Bank AG, London Branch - 9.13%
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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