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Director/PDMR Shareholding

22nd Mar 2012 11:54

RNS Number : 8790Z
Tullow Oil PLC
22 March 2012
 

Tullow Oil plc

22 March 2012

 

 

 

Tullow Oil plc ('Tullow' or 'the Company')

 

 

Awards of Shares under the Company's 2005 Deferred Share Bonus Plan

 

 

Under the Company's annual bonus arrangements, part of the annual performance related bonus of the executive directors of Tullow is satisfied by the award of nil cost options under the Tullow Oil 2005 Deferred Share Bonus Plan ('Plan'). The Company announces in respect of the 2011 annual bonus that, on 21 March 2012, each of the following executive directors were granted awards over the number of ordinary shares of 10p each set out below under the terms of the Plan.

 

Director

Number of Deferred Share Bonus Plan shares awarded 21 March 2012

 

Cumulative number of Deferred Share Bonus Plan shares outstanding

Aidan Heavey

45654

172335

Graham Martin

25819

97463

Angus McCoss

25819

96128

Paul McDade

25819

96128

Ian Springett

27415

56349

The awards granted on 21 March 2012 will normally vest on 1 January 2015 subject to continued employment. The options will remain exercisable subject to continued employment for a period of 7 years from the date of vesting. No consideration was paid for any of the awards and no consideration is due on vesting.

 

This notification is made in accordance with DTR 3.1.4R (1)(a).

 

Enquiries

 

Graham Martin

 

Tullow Oil plc

+ 44 203 249 9000

 

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