TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
TULLOW OIL PLC
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights: ( X )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments ( X )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to the notification obligation :
BlackRock, Inc.
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
3 September 2012
6. Date on which issuer notified:
5 September 2012
7. Threshold(s) that is/are crossed or reached:
Holding has gone above 11%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
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Number of shares |
Number of Voting Rights
98,151,134 |
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Resulting situation after the triggering transaction
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Class/type of shares if possible using the ISIN CODE |
Number of shares |
Number of voting rights |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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Ord 10p GB0001500809 |
N/A |
N/A |
98,313,658 |
N/A |
10.84%
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B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument |
Expiration Date |
Exercise/Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
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Type of financial instrument |
Exercise Price |
Exercise date |
Exercise / Conversion Period |
Number of voting rights instruments refers to |
% of voting rights |
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CFD |
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1,585,141 |
Nominal |
Delta |
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0.17% |
0.17% |
Total (A+B+C)
Number of voting rights |
% of voting rights |
99,898,799 |
11.01% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
BlackRock Investment Management (UK) Limited - 99,898,799 (11.01%)
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:
Richard Taylor, Deputy Company Secretary
15. Contact telephone number:
0203 249 9385