Directors' Share Dealings


 

TIDMTLW 
 
RNS Number : 0640F 
Tullow Oil PLC 
05 January 2010 
 
 
Tullow Oil plc 
5 January 2010 
 
Directors' share dealings 
 
 
Tullow Oil plc announces that the conditional share awards granted in January 
2007 under the Tullow Oil 2005 Deferred Share Bonus Plan ('DSBP") vested on 4 
January 2010. 
Furthermore, in accordance with the DSBP rules, sufficient of the shares 
acquired by the 
executive directors named below were automatically sold (on 
their behalf by the trustees of the Company's employee benefit trust) on 4 
January 2010 to discharge tax withholding 
obligations arising on vesting. 
Details of the awards that vested and the share sales are set out in the table 
below: 
 
 
+----------------+---------------+---------------+--------------+----------------+ 
| Name of        | Holding of    |  DSBP shares  | Shares sold  |  Holding of    | 
| Director       | ordinary      |    vested     |              |    ordinary    | 
|                | shares prior  |               |              |    shares      | 
|                | to DSBP       |               |              |   following    | 
|                | vesting date  |               |              |      this      | 
|                |               |               |              |notification*   | 
|                |               |               |              |                | 
+----------------+---------------+---------------+--------------+----------------+ 
| Aidan Heavey   |  6,240,500    |    42,714     |    17,548    |   6,265,666    | 
| (CEO)          |               |               |              |                | 
+----------------+---------------+---------------+--------------+----------------+ 
| Graham         |  1,435,687    |    25,126     |    10,323    |   1,450,490    | 
| Martin(General |               |               |              |                | 
| Counsel)       |               |               |              |                | 
+----------------+---------------+---------------+--------------+----------------+ 
| Paul           |   203,181     |     7,260     |    2,983     |    207,458     | 
| McDade (Chief  |               |               |              |                | 
| Operating      |               |               |              |                | 
| Officer)       |               |               |              |                | 
+----------------+---------------+---------------+--------------+----------------+ 
* Excludes shares purchased and awarded under the terms of the Tullow Oil UK 
Share Incentive Plan. 
Under this Plan, the Plan trustee holds a total of 6,778 shares for each of 
Messrs Martin and McDade. 
 
 
The total number of shares sold resulting from the above transactions amounted 
to 30,854 shares, the shares being sold at a price of GBP13.1777. 
 
 
This announcement is made in accordance with DR 3.1.4R (1) (a). 
 
 
The Company was informed by the Directors listed above of the above transactions 
on 5 January 2010. 
 
 
 
 
For further information contact: 
 
 
Graham Martin 
Tullow Oil plc 
+44 208 996 1000 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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