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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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