Holding(s) in Company

RNS Number : 8593Q

Tullow Oil PLC

02 December 2016

 

TR-1: NOTIFICATION OF MAJOR INTEREST 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached					x
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					x
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:		Deutsche Bank AG
4. Full name of shareholder(s)  (if different from 3.):		Deutsche Bank AG, London Branch
5. Date of the transaction and date on which the threshold is crossed or reached:		29/11/2016
6. Date on which issuer notified:		01/12/2016
7. Threshold(s) that is/are crossed or reached:		Above 9%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0001500809

25,711,995

25,711,995

31,643,718

31,643,718

0

3.47%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Right To Recall Call Option

15-Dec-17

8,219,100 10,000,000

0.90% 1.10%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Swaps Put Option

03-Jan-18 15-Dec-17

22,953,696 10,000,000

Nominal

Delta

2.52% 1.10%

2.52% 1.10%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

82,816,514

9.08%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Deutsche Bank AG, London Branch - 9.08%
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:	Kevin Massie Corporate Counsel & Company Secretary Tullow Oil plc
15. Contact telephone number:	020 3249 9000

 

END

 

 

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