TIDMTLW TIDMTTM TIDMTTM TIDMPRU

RNS Number : 1159I

Tullow Oil PLC

14 June 2017

 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                              Tullow Oil Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
-------------------------------------------------------------  -------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
----------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                        X 
-----------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------------  ---------------------------------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------  ---------------------------------- 
 Other (please specify): 
---------------------------------------------------------------    ---------------------------------- 
 3. Full name of person(s)                                      Prudential plc group of companies 
  subject to the 
  notification obligation: 
---------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):                                                 Prudential plc 
                                                                         M&G Group Limited 
                                                                            M&G Limited 
                                                                     M&G Investment Management 
                                                                              Limited 
---------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                               13 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
---------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                  14 June 2017 
  notified: 
---------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                               See item 13 
  crossed or 
  reached: 
---------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type        Situation previous                   Resulting situation after the 
  of                to the triggering                    triggering transaction 
  shares            transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
----------------  -----------------------------------  ----------------------------------------------------------------- 
                   Number             Number            Number          Number of                 % of voting 
                    of                 of                of shares       voting                    rights 
                    Shares             Voting                            rights 
                                       Rights 
--------------    -----------------  ----------------  --------------  ------------------------  ----------------------- 
                                                        Direct          Direct     Indirect       Direct      Indirect 
--------------      -------------      ------------    --------------  ---------  -------------  ----------  ----------- 
 
    ORD GBP0.10 
   GB0001500809       69,271,752        69,271,752       69,725,004        0        69,725,004        0         5.04% 
----------------  -----------------  ----------------  --------------  ---------  -------------  ----------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of financial   Expiration         Exercise/                         Number of voting          % of voting 
  instrument          date               Conversion                        rights that               rights 
                                         Period                            may be 
                                                                           acquired if 
                                                                           the 
                                                                           instrument 
                                                                           is 
                                                                           exercised/ 
                                                                           converted. 
------------------  -----------------  --------------------------------  ------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of         Exercise           Expiration        Exercise/       Number of voting            % of voting 
 financial       price              date              Conversion       rights instrument           rights 
 instrument                                           period           refers to 
--------------  -----------------  ----------------  --------------  --------------------------  ----------------------- 
                                                                                                  Nominal       Delta 
--------------  -----------------  ----------------  --------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                              Percentage of voting rights 
-------------------------------------------------------------------  --------------------------------------------------- 
 69,725,004                                                           5.04% 
-------------------------------------------------------------------  --------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 69,725,004 (5.04%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 69,510,528 (5.02%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 69,510,528 (5.02%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 69,510,528 (5.02%) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                               N/A 
--------------------------------------------------------  ---------------------------------------- 
 11. Number of voting rights proxy                                           N/A 
  holder will cease to hold: 
--------------------------------------------------------  ---------------------------------------- 
 12. Date on which proxy holder will                                         N/A 
  cease to hold voting rights: 
--------------------------------------------------------  ---------------------------------------- 
 
 
  13. Additional information:                                The following entities have triggered 
                                                             this notification moving above a 
                                                             5% notifiable interest. 
 
                                                             M&G Group Limited (wholly owned 
                                                             subsidiary of Prudential plc) 
 
                                                             M&G Limited (wholly owned subsidiary 
                                                             of M&G Group Limited) 
 
                                                             M&G Investment Management Limited 
                                                             (wholly owned subsidiary of M&G 
                                                             Limited) 
--------------------------------------------------------  ---------------------------------------- 
 14. Contact name:                                         John Baker / Poonam Stammers 
                                                            M&G Investment Management Limited 
--------------------------------------------------------  ---------------------------------------- 
 15. Contact telephone 
  number:                                                  020 7548 2561 / 020 3480 6135 
--------------------------------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 14, 2017 11:59 ET (15:59 GMT)

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