Holding(s) in Company

RNS Number : 9369B

Tullow Oil PLC

10 March 2014

 

TR-1: NOTIFICATION OF MAJOR INTEREST 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 qualifying 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
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:		OppenheimerFunds, 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:		March 04, 2014
6. Date on which issuer notified:		March 07, 2014
7. Threshold(s) that is/are crossed or reached:		5.00% (increased to 5.45%)

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

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0001500809

42,743,893

42,743,893

49,582,679

49,582,679

5.45%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

49,582,679

5.45%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
OppenheimerFunds, Inc. ("OFI") is a registered investment advisor with the U.S. SEC. Its ultimate parent company, Massachusetts Mutual Life Insurance Company, qualifies for disaggregation under FSA regulations. The shares of the issuer are held by investment accounts managed by OFI and its subsidiary, OFI Global Asset Management, Inc. ("OFIG").
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, Tullow Oil plc)
15. Contact telephone number:	0203 249 9000

 

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