Director/PDMR Shareholding

RNS Number : 8790Z

Tullow Oil PLC

22 March 2012

 

Tullow Oil plc

22 March 2012

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

Awards of Shares under the Company's 2005 Deferred Share Bonus Plan

Under the Company's annual bonus arrangements, part of the annual performance related bonus of the executive directors of Tullow is satisfied by the award of nil cost options under the Tullow Oil 2005 Deferred Share Bonus Plan ('Plan'). The Company announces in respect of the 2011 annual bonus that, on 21 March 2012, each of the following executive directors were granted awards over the number of ordinary shares of 10p each set out below under the terms of the Plan.

Director	Number of Deferred Share Bonus Plan shares awarded 21 March 2012	Cumulative number of Deferred Share Bonus Plan shares outstanding
Aidan Heavey	45654	172335
Graham Martin	25819	97463
Angus McCoss	25819	96128
Paul McDade	25819	96128
Ian Springett	27415	56349

The awards granted on 21 March 2012 will normally vest on 1 January 2015 subject to continued employment. The options will remain exercisable subject to continued employment for a period of 7 years from the date of vesting. No consideration was paid for any of the awards and no consideration is due on vesting.

This notification is made in accordance with DTR 3.1.4R (1)(a). 

Enquiries

Graham Martin

Tullow Oil plc

+ 44 203 249 9000

 

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