28th Apr 2006 15:16
Tullow Oil PLC28 April 2006 Tullow Oil plc ('Tullow' or 'the Company') Award of Shares under the Company's 2005 Performance Share Plan The Company announces that on 27 April 2006, Angus McCoss, a Person DischargingManagerial Responsibility ("PDMR") in Tullow, was granted a conditional awardover 100,230 ordinary shares of 10p each under the terms of the Tullow Oil 2005Performance Share Plan. The award granted on 27 April 2006 will normally vest on 27 April 2009 subjectto continued employment and the satisfaction of performance conditions. Thefigures reflect the maximum number of shares that might vest in three yearstime. The actual number vesting will depend on the extent to which theperformance conditions are satisfied over the three year performance period. Noconsideration was paid for the award and no consideration is due on vesting. The Company was informed by the PDMR of the above transaction on 28 April 2006. This notification is made in accordance with DR 3.1.4R (1)(a). Enquiries: Tom Hickey Tullow Oil plc + 44 208 996 1000 28 April, 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tullow Oil