5th Jul 2006 17:11
Tullow Oil PLC05 July 2006 Tullow Oil PLC 5 July 2006 Tullow Oil plc ('Tullow' or 'the Company') Director Dealings The Company announces details of the following dealings in ordinary shares of10p each ('Ordinary Shares') by the undermentioned directors of the Company: A. On 4 July 2006, Matthew O'Donoghue, General Manager Projects and anexecutive director of Tullow, exercised options over 98,072 Ordinary Shareswhich were granted on 5 July 1996 under the terms of the Tullow 1988 ExecutiveShare Option Scheme and which were exercisable up to 4 July 2006. These optionshad an exercise price of EUR 0.9872 per Ordinary Share. On 5 July 2006, MrO'Donoghue sold 32,658 Ordinary Shares at 388p per share to fund the tax arisingon the gain on exercise of the options. Following these transactions, Mr O'Donoghue now holds 1,889,771 OrdinaryShares representing 0.29% per cent of the Company's issued share capital. B. On 5 July 2006, David Williams, a non-executive director of Tullow,purchased 5,000 Ordinary Shares at 388p per share. Following this transaction MrWilliams holds 5,000 Ordinary Shares representing 0.0008% per cent of theCompany's issued share capital. The exercise and sale of the above options and Ordinary Shares was executed inthe UK and this notification relates to transactions notified in accordance withDisclosure Rule 3.1.4R(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) a disclosuremade in accordance with section 324 (as extended by section 328) of theCompanies Act 1985. Inquiries Tom Hickey Tullow Oil plc + 44 208 996 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tullow Oil