Tullow Oil PLC Director/PDMR Shareholding - Correction (8585O)
February 11 2016 - 12:11PM
UK Regulatory
TIDMTLW
RNS Number : 8585O
Tullow Oil PLC
11 February 2016
Tullow Oil plc
11 February 2016
Tullow Oil plc ('Tullow' or the 'Company')
Director/PDMR Shareholding Correction
Tullow announces the following correction and update of the
total holdings of ordinary shares of GBP0.10 each in the capital of
Tullow ('Shares') held by Angus McCoss (Chief Exploration Officer)
and Paul McDade (Chief Operating Officer).
Angus McCoss
On 11 February 2015, the Company announced that Angus McCoss
exercised 'nil cost' options over a total of 25,819 Shares granted
to him in 2012 pursuant to terms of the Tullow Oil Deferred Share
Bonus Plan 2005 ('DSBP'). On the same date, Mr McCoss sold 12,166
Shares to discharge tax obligations arising on exercise of his
options, leaving a balance of 13,653 Shares retained by Mr
McCoss.
These 13,653 Shares were subsequently omitted when calculating
Mr McCoss' enlarged holding in Director/PDMR Shareholding
announcements released on 9 April 2015 (RNS Number : 7314J), 9 June
2015 (RNS Number : 6646S), 8 October 2015 (RNS Number : 7301B) and
13 January 2016 (RNS Number : 7578L).
Prior to 10 February 2016 Mr McCoss held 266,228 Shares in the
Company.
Paul McDade
On 20 March 2015, the Company announced that Paul McDade
acquired 45,000 Shares.
These 45,000 Shares were subsequently omitted when calculating
Mr McDade's enlarged holding in Director/PDMR Shareholding
announcements released on the 9 April 2015 (RNS Number : 7314J), 9
July 2015 (RNS Number : 6646S), 8 October 2015 (RNS Number : 7301B)
and 13 January 2016 (RNS Number : 7578L).
As at 11 February 2016, Mr McDade holds 315,921 Shares in the
Company.
Enquiries
Kevin Massie
Tullow Oil plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
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