REG - Tullow Oil PLC - Director/PDMR Shareholding

Tullow OilAnnouncement

07/10/2025 11:00

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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  Ordinary shares of 10 pence each

     Identification code

                                                                  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)                                Volume(s)

                                                                  Nil                                     6,788,390
 d)  Aggregated information

     - Aggregated volume                                          6,788,390

     - Price                                                      Nil
 e)  Date of the transactions                                      03.10.2025
 f)  Place of the transactions                                    London stock Exchange

 

Richard Miller

 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  Ordinary shares of 10 pence each

     Identification code

                                                                  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)                                Volume(s)

                                                                  Nil                                     6,519,755
 d)  Aggregated information

     - Aggregated volume                                          6,519,755

     - Price                                                      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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