Director/PDMR Shareholding

RNS Number : 3003R

Tullow Oil PLC

28 April 2009

 



Tullow Oil plc

28 April 2009

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

Director/PDMR Shareholding

On 27 April 2009, the conditional share award made in April 2006 to Angus McCoss, Exploration Director, 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 the award that vested are set out in the table below.  The shares sold by Dr McCoss were to discharge tax obligations arising on vesting. The shares were sold at a price of 781.8 pence per share.   

Name of Director	Shareholding of ordinary shares prior to 27 April  2009	PSP shares vested	Shares sold to discharge tax obligations	Shareholding following this  notification
Angus McCoss	Nil	100,230	41,177	59,053 *

*Separately and in addition, Dr McCoss holds a total of 1,636 shares under the terms of the Tullow Oil UK Share Incentive Plan comprising 818 partnership shares acquired to date and 818 matching shares awarded to date.

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

The Company was informed by the Director listed above of the above transaction on 28 April 2009.

Enquiries

Richard Taylor 

Tullow Oil plc

+ 44 208 996 1000

 

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