Notification of Major Interes
TR-1(i): NOTIFICATION OF MAJOR INTERESTS 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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to the notification obligation :
BlackRock, 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 if different):
24 March 2010
6. Date on which issuer notified:
26 March 2010
7. Threshold(s) that is/are crossed or reached:
Holding has gone below 12%
8. Notified details:
A: Voting rights attached to shares viii, ix
|
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
|
|
|
Number of shares |
Number of Voting Rights
101,877,635* |
|
Resulting situation after the triggering transaction
|
|||||
|
Class/type of shares if possible using the ISIN CODE |
Number of shares |
Number of voting rights |
% of voting rights |
||
|
|
Direct |
Direct |
Indirect |
Direct |
Indirect |
|
Ord 10p GB0001500809 |
N/A |
N/A |
104,200,377 |
N/A |
11.78%* |
*Situation previous disclosure is based upon 803,795,253 shares in issue while the
resulting situation disclosure is based upon 884,749,772 shares in issue
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
|
Type of financial instrument |
Expiration Date (xiii) |
Exercise/Conversion Period/ Date (xiv) |
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 |
Exercise date xvii |
Exercise / Conversion Period xviii |
Number of voting rights instruments refers to |
% of voting rights xix, xx |
|
|
CFD |
|
|
|
1,148,080 |
Nominal |
Delta |
|
|
|
|
|
|
0.13% |
0.13% |
Total (A+B+C)
|
Number of voting rights |
% of voting rights |
|
105,348,457 |
11.91% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
BlackRock Investment Management (UK) Limited - 105,348,457 (11.91%)
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
15. Contact telephone number:
0208 996 1000
This information is provided by RNS
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