Tullow Oil PLC Holding(s) in Company (6987D)
April 28 2017 - 06:11AM
UK Regulatory
TIDMTLW TIDMTTM TIDMTTM
RNS Number : 6987D
Tullow Oil PLC
28 April 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
------------------------------------------------------------------ --------------------------------
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 x
------------------------------------------------------------------ --------------------------------
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 25/04/2017
and date on
which the threshold is
crossed or
reached:
----------------------------------------------------------- ---------------------------------------
6. Date on which issuer 27/04/2017
notified:
----------------------------------------------------------- ---------------------------------------
7. Threshold(s) that is/are Below 9%, 8% and 7%
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 31,599,649 31,599,649 33,594,866 33,594,866 0 2.43% 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
8,291,800 0.60%
Call Option 15-Dec-17
11,740,000 0.85%
------------------------- --------------- ----------------------------------- -------------------------- ---------------------
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 21-Mar-19 29,864,282 2.16% 2.16%
Put Option 15-Dec-17 11,740,000 0.85% 0.85%
---------------- ------- ----------- --------------- ---- ------ ------ -------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------------------------- -----------------------------------------------------------
95,230,948 6.89%
--------------------------------------------------------------------- -----------------------------------------------------------
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 - 6.89%
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: 02032499000
------------------------------------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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