Tullow Oil PLC
03 April 2006
Tullow Oil plc
3 April 2006
Tullow Oil plc ('Tullow' or 'the Company')
Awards of Shares under the Company's 2005 Performance Share Plan
The Company announces that on 30 March 2006 each of the following executive
directors were granted conditional awards over the number of ordinary shares of
10p each set out below under the terms of the Tullow Oil 2005 Performance Share
Plan.
In respect of the executive directors this notification is made in accordance
with DR 3.1.4R (1)(a) and (b).
Director Number of Conditional Shares Awarded Total Conditional Shares awarded
30 March 2006 under Performance Share Plan
Aidan Heavey 219,512 567,267
Tom Hickey 139,885 353,762
Graham Martin 129,125 343,002
Matt O'Donoghue 107,604 296,175
Paul McDade 118,364 306,935
The awards granted on 30 March 2006 will normally vest on 30 March 2009 subject
to continued employment and the satisfaction of performance conditions. The
figures reflect the maximum number of shares that might vest in three years time
- the actual number vesting will depend on the extent to which the performance
conditions are satisfied over the three year performance period. No
consideration was paid for any of the awards and no consideration is due on
vesting.
The Company was informed by the executive directors of the above transactions on
31 March 2006
Enquiries
Tom Hickey
Tullow Oil plc
+ 44 208 996 1000
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
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