Tullow Oil PLC Director/PDMR Shareholding (5967Z)

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RNS Number : 5967Z

Tullow Oil PLC

03 September 2018

3 September 2018

NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                 Les Wood 
     -----------------------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------- 
 a)   Position/status                      CFO 
     -----------------------------------  ---------------------------------------------------- 
 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 of                       (1) Tullow Incentive Plan nil-consideration 
       the financial                        awards granted 18 February 2015 
       instruments, type                    (2) Employee Share Awards Plan nil-consideration 
       of instruments                       awards granted 19 February 2014 and 6 August 
                                            2015 
                                            (3) Ordinary shares of 10p each in Tullow 
                                            Oil plc 
       Identification 
       code                                 GB00BF0BYM74 
     -----------------------------------  ---------------------------------------------------- 
 b)   Nature of the                        (1) (2) Exercise of vested awards 
       transactions                         (3) Sale of ordinary shares to cover tax 
                                            obligations arising from the exercise of 
                                            vested awards 
     -----------------------------------  ---------------------------------------------------- 
 c)   Prices and volumes                            Price(s)                   Volume(s) 
                                                     (1) nil                   (1) 31,390 
                                                     (2) nil                   (2) 82,601 
                                                   (3) GBP2.339                (3) 53,711 
     -----------------------------------  ----------------------------  ---------------------- 
 d)   Aggregated information 
       - Aggregated volume                   Total awards exercised: 113,991 
                                             Total shares sold: 53,711 
       - Price                               Price of awards exercised: nil 
                                             Price of shares sold: GBP125,630.03 
     -----------------------------------  ---------------------------------------------------- 
 e)   Date of the transactions             30 August 2018 
     -----------------------------------  ---------------------------------------------------- 
 f)   Place of the transactions            (1) (2) Outside a trading venue 
                                            (3) London Stock Exchange (XLON) 
     -----------------------------------  ---------------------------------------------------- 
 

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September 03, 2018 08:00 ET (12:00 GMT)