Director/PDMR Shareholding
07/10/2025 10:55
RNS Number : 3933C
Tullow Oil PLC
07 October 2025
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Tullow announces that the following nil-cost option awards ("Awards") over its ordinary shares of £0.10 pence each ("Shares") were made under 2023 Executive Share Plan ("2023 ESP") to Ian Perks, Chief Executive Officer and Richard Miller, Chief Financial Officer of the Company.
The vesting of the Awards depends upon the extent to which specified total shareholder return targets are met over a three-year performance period from 2025-2028. Following any such vesting, the Awards granted will be subject to a further two year "holding period" during which it cannot be exercised.
Ian Perks
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Ian Perks | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notifications /Amendments | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tullow Oil plc | |
| b) | LEI | 2138003EYHWO75RKS857 | |
| 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 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each GB0001500809 | |
| b) | Nature of the transactions | Grant of nil price options at £0.1068 per Share pursuant to the 2023 ESP. | |
| c) | Price(s) and volume(s) | Price(s) Nil | Volume(s) 6,788,390 |
| d) | Aggregated information - Aggregated volume - Price | 6,788,390 Nil | |
| e) | Date of the transactions | 03.10.2025 | |
| f) | Place of the transactions | London stock Exchange | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Richard Miller | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notifications /Amendments | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Tullow Oil plc | |
| b) | LEI | 2138003EYHWO75RKS857 | |
| 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 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each GB0001500809 | |
| b) | Nature of the transactions | Grant of nil price options at £0.15338 per Share pursuant to the 2023 ESP. | |
| c) | Price(s) and volume(s) | Price(s) Nil | Volume(s) 6,519,755 |
| d) | Aggregated information - Aggregated volume - Price | 6,519,755 Nil | |
| e) | Date of the transactions | 28.03.2025 | |
| f) | Place of the transactions | London stock Exchange | |
| Name of officer of issuer responsible for making notification: Adam Holland Date of notification: 07.10.2025 |
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