Form 8 (OPD) - Tullow Oil PLC (Offeror)

RNS Number : 2944P

Tullow Oil PLC

17 June 2022

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART), DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

TULLOW OIL PLC (the "Company")

Rules 8.1 and 8.2 Announcement

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.  KEY INFORMATION

(a) Full name of discloser:	Tullow Oil PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:	Tullow Oil PLC (Offeror)
(d) Is the discloser the offeror or the offeree?	Offeror
(e) Date position held:   The latest practicable date prior to the disclosure	16 June 2022
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	Yes Capricorn Energy PLC (Offeree)

2.  POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a)  Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

(b)  Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	Nil
Details, including nature of the rights concerned and relevant percentages:	N/A

3.  POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a)  Interests held by the directors of Tullow Oil PLC, their close relatives and the related trusts of any of them in the ordinary shares of Tullow Oil PLC (excluding the options set out below): Name Number of ordinary shares Percentage of issued share capital Michael Daly 4,795 0.0003% Rahul Dhir 1,346,000 0.0936% Martin Greenslade 60,000 0.0042% Mitchell Ingram 50,000 0.0035% Sheila Khama 7,070 0.0005% Jeremy Wilson 87,959 0.0061% (b)  Options held by directors of Tullow Oil PLC, their close relatives and the related trusts of any of them: Name Plan Date of award Number of ordinary shares under option Exercise price (GBP) Vesting date Rahul Dhir 2020 PDMR Buyout Award 5 August 2020 9,000,000 Nil 1 July  2025 Tullow Incentive Plan 15 March 2021 319,316 Nil 15 March 2026 Tullow Incentive Plan 14 March 2022 1,104,269 Nil 14 March 2027 (c)  Interests held by the connected advisers of Tullow Oil PLC in the ordinary shares of Tullow Oil PLC Connected Adviser Registered and beneficial owner Number of ordinary shares Percentage of issued share capital IC Securities (Ghana) Limited Kwabena Osei-Boateng 1,000 0.0001% (d)  Interests held by the directors of Tullow Oil PLC, their close relatives and the related trusts of any of them in the ordinary shares of Capricorn Energy PLC: Name Number of ordinary shares Percentage of issued share capital Sarah Wilson(1) 8,915 0.003% (1) Wife of Jeremy Wilson.

4.  OTHER INFORMATION

(a)  Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

None

(b)  Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)  Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	17 June 2022
Contact name:	Adam Holland
Telephone number:	[phone]

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

CONTACTS
Tullow Oil plc (London) ([phone]) Adam Holland (Company Secretary) Robert Hellwig (Investors) Matthew Evans (Investors) George Cazenove (Media)	Camarco ([phone]) Billy Clegg Monique Perks Rebecca Waterworth

 

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