Director/PDMR Shareholding

RNS Number : 3447F
Tullow Oil PLC
19 February 2015
 

                                                      

Tullow Oil plc

19 February 2015

 

 

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

 

Director/PDMR Notification

 

 

Awards of Shares under the Tullow Incentive Plan

 

The Company announces that on 18 February 2015 each of the following executive directors were granted nil exercise price options over the number of ordinary shares of 10p each set out below under the terms of the Tullow Incentive Plan:

                                                                                                           

Director

Number of Tullow Incentive Plan Shares awarded 18 February   2015

 

Number of Tullow Incentive Plan Shares awarded 19 February   2014

 

Cumulative number of Tullow Incentive Plan Shares   outstanding

 

Aidan Heavey

152,772

102,992

255,764

Graham Martin

86,398

58,246

144,644

Angus McCoss

86,398

58,246

144,644

Paul McDade

86,398

58,246

144,644

Ian Springett

91,737

61,845

153,582

 

No consideration was paid for any of the awards and no consideration is due on vesting.

 

The awards granted on 18 February 2015 will normally vest on 18 February 2019 as to 50% of the shares subject to each award and 18 February 2020 as to the remaining 50% of the shares. The awards will normally remain exercisable, subject to continued employment, for a period of six years from the date of vesting in respect of those awards that vest on 18 February 2018 and five years in the case of the awards that vest on 18 February 2020.

 

The awards granted on 19 February 2014 will normally vest on 19 February 2017 as to 50% of the shares subject to each award and 19 February 2018 as to the remaining 50% of the shares. The awards will normally remain exercisable, subject to continued employment, for a period of seven years from the date of vesting in respect of those awards that vest on 19 February 2017 and six years in the case of the awards that vest on 19 February 2018.

 

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

 

Enquiries

 

George Cazenove

 

Tullow Oil plc

+ 44 203 249 9000

 

 

 

 

 


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