Form 8 (OPD) - Tullow Oil PLC (Amendment)

RNS Number : 3620P

Tullow Oil PLC

17 June 2022

 

REVISED FORM 8 (OPD) - AMENDMENT TO SECTION 3 FOR DISCLOSURE RELATING ONLY TO THE RELEVANT SECURITIES OF TULLOW OIL PLC. THIS FORM DOES NOT OTHERWISE CONTAIN ANY AMENDMENT TO THE ORIGINAL ANNOUNCEMENT DATED 17 JUNE 2022 (RNS NUMBER: 2944P).

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.  KEY INFORMATION

(a) Full name of discloser:	Tullow Oil PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):   The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offeree	Tullow Oil PLC (Offeror)
(d) Is the discloser the offeror or the offeree?	Offeror
(e) Date position held:   The latest practicable date prior to the disclosure	16 June 2022
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?   If it is a cash offer or possible cash offer, state "N/A"	Yes Capricorn Energy PLC (Offeree)

2.  POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)  Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)  Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	Nil
Details, including nature of the rights concerned and relevant percentages:	N/A

3.  POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a)  Interests held by the directors of Tullow Oil PLC, their close relatives and the related trusts of any of them in the ordinary shares of Tullow Oil PLC (excluding the options set out below): Name Number of ordinary shares Percentage of issued share capital Michael Daly 4,795 0.0003% Rahul Dhir 1,346,000 0.0936% Martin Greenslade 60,000 0.0042% Mitchell Ingram 50,000 0.0035% Sheila Khama 7,070 0.0005% Jeremy Wilson 87,959 0.0061% (b)  Options held by directors of Tullow Oil PLC, their close relatives and the related trusts of any of them: Name Plan Date of award Number of ordinary shares under option Exercise price (GBP) Vesting date Rahul Dhir 2020 PDMR Buyout Award 5 August 2020 9,000,000 Nil 1 July  2025 Tullow Incentive Plan 15 March 2021 319,316 Nil 15 March 2026 Tullow Incentive Plan 14 March 2022 1,104,269 Nil 14 March 2027 (c)  Interests held by the connected advisers of Tullow Oil PLC in the ordinary shares of Tullow Oil PLC Connected Adviser Registered and beneficial owner Number of ordinary shares Percentage of issued share capital IC Securities (Ghana) Limited Kwabena Osei-Boateng 1,000 0.0001%

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.  OTHER INFORMATION

(a)  Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)  Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)  Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	17 June 2022
Contact name:	Adam Holland
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

 

END

 

 

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