Payment of dividend in GBP, EUR and GHS

RNS Number : 7974M

Tullow Oil PLC

18 September 2019

 

18 September 2019

Tullow Oil plc

(the "Company")

DIVIDEND INFORMATION

Further to the 2019 Half Year Results announcement made on 24 July 2019, the Company announces the following additional information relating to the interim dividend of 2.35 US cents per share.

CURRENCY

UK, Eurozone & Ghana

Tullow ordinary shareholders with registered addresses in the UK will receive payment of their dividend in pounds Sterling (GBP).  Those with registered addresses in European countries which have adopted the Euro will receive payment of their dividend in Euros (EUR).  Those holding through the Ghana Stock Exchange will receive payment of their dividend in Ghanaian Cedi (GHS).  Shareholders with registered addresses in all other countries will be paid in pounds Sterling.

The relevant exchange rate used to determine the payment of dividends in EUR and GBP is the average market exchange rate over three dealing days prior to this announcement and the relevant exchange rate used to determine the payment of dividends in GHS is the published Bank of Ghana Interbank mid-rate on 24 July 2019. These are as follows:

·    $1 : £0.8033

·    $1 : €0.9058

·    $1 : GH₵5.2565

Most overseas shareholders are eligible to sign up for the global payments service which allows dividends to be paid directly into a shareholder's bank account in their local currency. The deadline to elect to receive the dividend in an alternative currency was 13 September 2019. To the extent an alternative currency election was made by 13 September 2019, shareholders will be paid in their elected currency.

DIVIDEND PAYMENT TIMETABLE

·    Announcement Date: 24 July 2019

·    Ex-Dividend Date for shareholders on the Ghana share register: 28 August 2019

·    Ex-Dividend Date for shareholders on the UK and Irish share registers: 29 August 2019

·    Record Date: 30 August 2019

·    Payment Date: 4 October 2019

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