TIDMTLW TIDMTTM TIDMTTM

RNS Number : 2616A

Tullow Oil PLC

22 December 2017

22 December 2017

NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                   Aidan Heavey ("AH") 
                              JSN Investments Limited ("JSN") 
---  ---------------------  ------------------------------------ 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position/status        Chairman (AH) 
                              A person closely associated with 
                              AH (JSN) 
---  ---------------------  ------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
---  ---------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                   Tullow Oil plc 
---  ---------------------  ------------------------------------ 
 b)   LEI                    2138003EYHWO75RKS857 
---  ---------------------  ------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ----------------------------------------------------------- 
 a)   Description            Ordinary shares of 10p each. 
       of the financial 
       instrument, 
       type of instrument     GB0001500809 
       Identification 
       code 
---  ---------------------  ------------------------------------ 
 b)   Nature of              Sales of ordinary shares 
       the transactions 
---  ---------------------  ------------------------------------ 
 c)   Price(s) and                Price(s)          Volume(s) 
       volume(s) 
                                 GBP1.915747       197,059 (AH) 
                                     (AH) 
                              GBP1.91659 (JSN)     343,104 (JSN) 
---  ---------------------  -------------------  --------------- 
 d)   Aggregated 
       information             197,059 (AH) 
       - Aggregated            343,104 (JSN) 
       volume                  GBP377,515.09 (AH) 
                               GBP657,589.70 (JSN) 
       - Price 
---  ---------------------  ------------------------------------ 
 e)   Date of the            21 December 2017 
       transactions 
---  ---------------------  ------------------------------------ 
 f)   Place of the           London Stock Exchange (XLON) 
       transactions 
---  ---------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                    Paul McDade 
---  ----------------------  ---------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status         Chief Executive Officer 
---  ----------------------  ---------------------------------------- 
 b)   Initial notification    Initial notification 
       /Amendment 
---  ----------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                    Tullow Oil plc 
---  ----------------------  ---------------------------------------- 
 b)   LEI                     2138003EYHWO75RKS857 
---  ----------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------------- 
 a)   Description             (1) DSBP nil-consideration awards 
       of the financial        granted 13 March 2008 
       instrument,             (2) PSP nil-consideration awards 
       type of instrument      granted 15 May 2008 
                               (3) Ordinary shares of 10p each 
       Identification          Tullow Oil plc 
       code 
                               GB00BF0BYM74 
---  ----------------------  ---------------------------------------- 
 b)   Nature of               (1) Exercise of vested awards 
       the transactions        (2) Exercise of vested awards 
                               (3) Sale of ordinary shares to 
                               cover tax obligations arising 
                               from the exercise of vested awards 
---  ----------------------  ---------------------------------------- 
 c)   Price(s) and                  Price(s)             Volume(s) 
       volume(s) 
                                     (1) nil             (1) 17,229 
                                     (2) nil             (2) 94,182 
                                  (3) GBP1.9425          (3) 52,495 
---  ----------------------  ----------------------  ---------------- 
 d)   Aggregated 
       information              Total awards exercised: 111,411 
       - Aggregated             Total shares sold: 52,495 
       volume                   Price of awards exercised: nil 
                                Price of shares sold: GBP101,971.54 
       - Price 
---  ----------------------  ---------------------------------------- 
 e)   Date of the             21 December 2017 
       transactions 
---  ----------------------  ---------------------------------------- 
 f)   Place of the            London Stock Exchange (XLON) 
       transactions 
---  ----------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 22, 2017 08:00 ET (13:00 GMT)

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