Director/PDMR Shareholding
Tullow Oil plc
18 March 2011
Tullow Oil plc ('Tullow' or 'the Company')
Awards of Shares under the Company's 2005 Deferred Share Bonus Plan
Under the Company's annual bonus arrangements, part of the annual performance related bonus of the executive directors of Tullow is satisfied by the award of nil cost options under the Tullow Oil 2005 Deferred Share Bonus Plan ('Plan'). The Company announces in respect of the 2010 annual bonus that, on 18 March 2011, each of the following executive directors were granted awards over the number of ordinary shares of 10p each set out below under the terms of the Plan.
|
Director |
Number of Deferred Share Bonus Plan shares awarded 18 March 2011
|
Cumulative number of Deferred Share Bonus Plan shares outstanding |
|
Aidan Heavey |
19,995 |
126,681 |
|
Graham Martin |
11,308 |
71,644 |
|
Angus McCoss |
11,308 |
70,309 |
|
Paul McDade |
11,308 |
70,309 |
|
Ian Springett |
12,007 |
28,934 |
The awards granted on 18 March 2011 will normally vest on 1 January 2014 subject to continued employment. The options will remain exercisable subject to continued employment for a period of 7 years from the date of vesting. No consideration was paid for any of the awards and no consideration is due on vesting.
This notification is made in accordance with DTR 3.1.4R (1)(a).
Enquiries
Graham Martin
Tullow Oil plc
+ 44 203 249 9000
This information is provided by RNS