3rd Apr 2006 10:14
Tullow Oil PLC03 April 2006 Tullow Oil plc 3 April 2006 Tullow Oil plc ('Tullow' or 'the Company') Awards of Shares under the Company's 2005 Performance Share Plan The Company announces that on 30 March 2006 each of the following executivedirectors were granted conditional awards over the number of ordinary shares of10p each set out below under the terms of the Tullow Oil 2005 Performance SharePlan. In respect of the executive directors this notification is made in accordancewith DR 3.1.4R (1)(a) and (b). Director Number of Conditional Shares Awarded Total Conditional Shares awarded 30 March 2006 under Performance Share Plan Aidan Heavey 219,512 567,267Tom Hickey 139,885 353,762Graham Martin 129,125 343,002Matt O'Donoghue 107,604 296,175Paul McDade 118,364 306,935 The awards granted on 30 March 2006 will normally vest on 30 March 2009 subjectto continued employment and the satisfaction of performance conditions. Thefigures reflect the maximum number of shares that might vest in three years time- the actual number vesting will depend on the extent to which the performanceconditions are satisfied over the three year performance period. Noconsideration was paid for any of the awards and no consideration is due onvesting. The Company was informed by the executive directors of the above transactions on31 March 2006 Enquiries Tom Hickey Tullow Oil plc + 44 208 996 1000 This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tullow Oil