23 Nov 2016 09:52
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Tullow Oil plc | ||||
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 | X | ||||
An event changing the breakdown of voting rights | |||||
Other (please specify): | |||||
3. Full name of person(s) subject to thenotification obligation: iii | JPMorgan Chase & Co. | ||||
4. Full name of shareholder(s) (if different from 3.):iv | J.P. Morgan Securities Plc | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 18 November 2016 | ||||
6. Date on which issuer notified: | 22 November 2016 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3%, 4%, 5% Upwards | ||||
8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
GB0001500809 | Below minimum threshold | Below minimum threshold | 6,510,764 | 0.71% | |||||||||||||
B: Qualifying Financial Instruments | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
Right to Recall | 67,200 | 0.01% | |||||||||||||||
| |||||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| ||||||||||||
Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap |
30/11/2016 13/12/2016 20/01/2017 31/03/2017 13/04/2017 10/05/2017 13/06/2017 30/06/2017 24/07/2017 26/07/2017 07/08/2017 16/08/2017 03/10/2017 16/10/2017 17/10/2017 01/11/2017 13/11/2017 06/12/2017 13/12/2017 20/04/2018 03/08/2018 |
30/11/2016 13/12/2016 20/01/2017 31/03/2017 13/04/2017 10/05/2017 13/06/2017 30/06/2017 24/07/2017 26/07/2017 07/08/2017 16/08/2017 03/10/2017 16/10/2017 17/10/2017 01/11/2017 13/11/2017 06/12/2017 13/12/2017 20/04/2018 03/08/2018 |
101,351 8,025,800 13,340,000 3,660,278 187,378 110,242 27,726 2,115,447 37,543 154,893 1,038,000 929,933 515 283 1,726 4,215,074 48,685 200,000 500,000 991,172 3,574,493 | ||||||||||||||
0.01% 0.88% 1.46% 0.40% 0.02% 0.01% 0.00% 0.23% 0.00% 0.02% 0.11% 0.10% 0.00% 0.00% 0.00% 0.46% 0.01% 0.02% 0.05% 0.11% 0.39% | |||||||||||||||||
Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
45,838,503 | 5.02% |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Total disclosable holding for JPMorgan Chase & Co.: 45,838,503 (5.02%) Direct: J.P. Morgan Securities Plc: 6,510,764 (0.71%) Shares; 39,260,539 (4.30%) Qualifying Financial Instruments; 67,200 (0.01%) Financial Instruments with similar economic effect to Qualifying Financial Instruments.
Chain of control:
JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%) J.P. Morgan International Inc. (100%) Bank One International Holdings Corporation (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Capital Holdings Limited (100%) J.P. Morgan Chase (UK) Holdings Limited (99.99%) J.P. Morgan Chase International Holdings (100%) J.P. Morgan Securities plc (99.41%) | ||
Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: | Table 8A) Includes stock borrows of 41,100,643 (4.50%) | |
14. Contact name: | Kevin Massie Corporate Counsel & Company Secretary Tullow Oil plc | |
15. Contact telephone number: | 020 3249 9000 | |