02:00 Fri 07 Aug 2020
Tullow Oil PLC - Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Following the commencement of his employment as Chief Executive Officer of
Consistent with the Company's approved Remuneration Policy, the Company agreed to make the Awards to compensate
The grant of the Awards was conditional on
The Awards, which were granted pursuant to an individual plan put in place by the Company in accordance with Listing Rule 9.4.2, comprise:
· A restricted share award in the form of a nil-cost option over 3,000,000 shares;
· A share option over 3,000,000 shares with a per share exercise price of
· A share option over 3,000,000 shares with a per share exercise price of
The Awards will ordinarily vest on
Further detail will be set out in the Directors' Remuneration Report for 2020.
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES |
1 |
Details of the person discharging managerial responsibilities |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/ |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
2138003EYHWO75RKS857 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of 10p each
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b) |
Nature of the transaction |
Grant of share options under Rahul Dhir Buyout Awards Agreement to be exercised for nil cost or a per share exercise price as set out below |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information -Aggregated volume
-Price |
(1) (2) (3) 9,000,000
(1) Nil (2) (3) |
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e) |
Date of the transaction |
5 |
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f) |
Place of the transaction |
Outside a trading venue |
END
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