Awards of Shares

RNS Number : 6981U
Tullow Oil PLC
16 May 2008
 

   

Tullow Oil plc

16 May 2008



  Tullow Oil plc ('Tullow' or 'the Company')



Awards of Shares under the Company's 2005 Performance Share Plan



The Company announces that on 15 May 2008 each of the following executive directors were granted conditional awards over the number of ordinary shares of 10p each set out below under the terms of the Tullow Oil 2005 Performance Share Plan


This notification is made in accordance with DR 3.1.4R (1)(a) and (c).  


                                                           

Director

Number of Conditional Shares Awarded 15 May  2008


Total Conditional Shares awarded and outstanding under Performance Share Plan 

Aidan Heavey

141,939

939,773

Graham Martin

 80,277

553,681

Angus McCoss

 80,277

271,046

Paul McDade

 80,277

477,751



The awards granted on 15 May 2008 will normally vest on 15 May 2011 subject to continued employment and the satisfaction of performance conditions. The figures reflect the maximum number of shares that might vest in three years time - the actual number vesting will depend on the extent to which the performance conditions are satisfied over the three year performance period. No consideration was paid for any of the awards and no consideration is due on vesting.




Enquiries


Graham Martin


Tullow Oil plc

+ 44 208 996 1000











This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ISEAFMATMMTBBPP

Companies

Tullow Oil (TLW)
UK 100