Director/PDMR Shareholding

RNS Number : 8609P

Tullow Oil PLC

31 March 2009

 



Tullow Oil plc

31 March 2009

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

Director/PDMR Shareholding

On 30 March 2009, the conditional share awards made to executive directors in March 2006 under the Tullow Oil 2005 Performance Share Plan ('PSP') vested in full following the Company's exceptional TSR performance over the three year performance period. Details of these awards and related share sales are set out in the table below.  Aidan Heavey (Chief Executive Officer) has retained all the shares that vested. The shares sold on 30 March 2009 by Graham Martin (General Counsel) and by Paul McDade (Chief Operating Officer) included sales to meet tax liabilities on vesting. 

Name of Director	Shareholding of ordinary shares prior to 30 March 2009	PSP Shares Vested	Shares Sold	Shareholding following this notification
Aidan Heavey	6,020,988	219,512	-	6,240,500
Graham Martin	1,359,610	129,125	53,048	1,435,687
Paul McDade	255,269	118,364	80,452	293,181

The total number of shares sold resulting from the above transactions amounted to 133,500 shares, the shares being sold at 787.12p.

This announcement is made in accordance with DR 3.1.4R (1) (a).

The Company was informed by the Directors listed above of the above transactions on 31 March 2009.

Enquiries

Richard Taylor 

Tullow Oil plc

+ 44 208 996 1000

 

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