Form 8.5 (EPT/NON-RI)TULLOW OIL PLC

RNS Number : 6593C

Barclays PLC

12 October 2022

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				TULLOW OIL PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				TULLOW OIL PLC
	principal trader is connected
(d)	Date position held/dealing undertaken:				11 October 2022
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				CAPRICORN ENERGY PLC
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:			10p ordinary
			Interests		Short Positions
			Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:		5,048,106	0.35%	9,552,067	0.66%
(2)	Cash-settled derivatives:
			7,867,551	0.55%	4,187,684	0.29%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		12,915,657	0.90%	13,739,751	0.95%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
10p ordinary		Purchase		741,154		0.4233 GBP	0.411 GBP
10p ordinary		Sale		614,533		0.4259 GBP	0.4109 GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10p ordinary		CFD		Decreasing Long		5,263	0.4213 GBP
10p ordinary		CFD		Decreasing Long		9,520	0.4118 GBP
10p ordinary		CFD		Decreasing Long		26,982	0.4169 GBP
10p ordinary		CFD		Decreasing Long		54,269	0.4110 GBP
10p ordinary		SWAP		Decreasing Short		711	0.4178 GBP
10p ordinary		SWAP		Decreasing Short		8,926	0.4186 GBP
10p ordinary		SWAP		Decreasing Short		27,063	0.4205 GBP
10p ordinary		SWAP		Decreasing Short		28,428	0.4109 GBP
10p ordinary		SWAP		Increasing Long		1,119	0.4224 GBP
10p ordinary		SWAP		Increasing Long		1,529	0.4183 GBP
10p ordinary		SWAP		Increasing Long		2,053	0.4247 GBP
10p ordinary		SWAP		Increasing Long		5,416	0.4187 GBP
10p ordinary		SWAP		Increasing Long		22,947	0.4213 GBP
10p ordinary		SWAP		Increasing Short		593	0.4242 GBP
10p ordinary		SWAP		Increasing Short		1,415	0.4279 GBP
10p ordinary		SWAP		Increasing Short		4,200	0.4208 GBP
10p ordinary		SWAP		Increasing Short		11,003	0.4124 GBP
10p ordinary		SWAP		Increasing Short		22,760	0.4210 GBP
10p ordinary		SWAP		Increasing Short		28,428	0.4109 GBP
10p ordinary		SWAP		Increasing Short		45,801	0.4157 GBP
10p ordinary		SWAP		Increasing Short		58,417	0.4110 GBP
10p ordinary		SWAP		Increasing Short		93,549	0.4139 GBP
10p ordinary		SWAP		Increasing Short		95,796	0.4191 GBP
10p ordinary		SWAP		Increasing Short		98,902	0.4191 GBP
10p ordinary		SWAP		Increasing Short		100,229	0.4140 GBP
10p ordinary		SWAP		Opening Short		5,587	0.4233 GBP
10p ordinary		SWAP		Opening Short		24,176	0.4150 GBP
10p ordinary		SWAP		Opening Long		2	0.4259 GBP
10p ordinary		SWAP		Opening Long		27,063	0.4205 GBP
10p ordinary		SWAP		Opening Long		28,428	0.4109 GBP
10p ordinary		SWAP		Opening Long		40,124	0.4149 GBP
10p ordinary		SWAP		Opening Long		47,295	0.4110 GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader making the disclosure and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii)  the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				12 Oct 2022
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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