RNS Number : 6987D
Tullow Oil PLC
28 April 2017
 

           


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


An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights

x

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:

25/04/2017

6. Date on which issuer notified:

27/04/2017

7. Threshold(s) that is/are crossed or
reached:

Below 9%, 8% and 7%


 

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

31,599,649

31,599,649

33,594,866

33,594,866

0

2.43%

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


 

 

 

8,291,800

 

11,740,000

 

 

 

0.60%

 

0.85%


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


 

 

21-Mar-19

15-Dec-17


 

 

29,864,282

11,740,000

Nominal

Delta

2.16%

0.85%

2.16%

0.85%

 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

95,230,948

6.89%



 

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 - 6.89%

 


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:

02032499000

 

 

 

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLBVLFLDZFBBBV