⌘K

Form 8.5 (EPT/NON-RI) Tullow Oil plc

RNS Number : 4726X

Barclays PLC

30 August 2022

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.			KEY INFORMATION
(a)	Name of exempt principal trader:			BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose			TULLOW OIL PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt			Tullow Oil plc
	principal trader is connected
(d)	Date position held/dealing undertaken:			26 August 2022
(e)	In addition to the company in 1(b) above, is the exempt principal			YES:
	trader making disclosures in respect of any other party to the offer?			CAPRICORN ENERGY PLC
2.			POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:		10p ordinary
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	3,823,557	0.27%	8,390,836	0.58%

(2)	Cash-settled derivatives:
		6,480,482	0.45%	1,787,614	0.12%

(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%


	TOTAL:	10,304,039	0.72%	10,178,450	0.71%

(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:

3.			DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale	Total number of	Highest price per unit	Lowest price per unit
security			securities	paid/received	paid/received
10p ordinary		Purchase	1,241,797	0.5230 GBP	0.5073 GBP
10p ordinary		Sale	756,046	0.5230 GBP	0.5034 GBP

(b)	Cash-settled derivative transactions
Class of		Product	Nature of dealing	Number of	Price per
relevant		description		reference	unit
security				securities
10p ordinary		SWAP	Decreasing Long	10,000	0.5224 GBP
10p ordinary		SWAP	Decreasing Long	165,000	0.5188 GBP
10p ordinary		SWAP	Decreasing Long	270,298	0.5230 GBP
10p ordinary		SWAP	Decreasing Short	218,157	0.5230 GBP
10p ordinary		CFD	Increasing Long	942	0.5192 GBP
10p ordinary		CFD	Increasing Long	1,060	0.5150 GBP
10p ordinary		CFD	Increasing Long	2,153	0.5230 GBP
10p ordinary		CFD	Increasing Long	17,149	0.5141 GBP
10p ordinary		CFD	Increasing Long	17,623	0.5229 GBP
10p ordinary		CFD	Increasing Long	79,739	0.5147 GBP
10p ordinary		CFD	Increasing Long	101,464	0.5230 GBP
10p ordinary		SWAP	Increasing Short	92	0.4940 GBP
10p ordinary		SWAP	Increasing Short	7,735	0.5185 GBP
10p ordinary		SWAP	Increasing Short	43,931	0.5152 GBP
10p ordinary		SWAP	Increasing Short	101,418	0.5200 GBP
10p ordinary		SWAP	Increasing Short	141,271	0.5205 GBP
10p ordinary		SWAP	Increasing Short	298,411	0.5166 GBP
10p ordinary		SWAP	Opening Short	84	0.5225 GBP
10p ordinary		SWAP	Opening Short	264	0.5034 GBP
10p ordinary		SWAP	Opening Short	722	0.5221 GBP
10p ordinary		SWAP	Opening Short	3,189	0.5064 GBP
10p ordinary		SWAP	Opening Short	6,888	0.5210 GBP
10p ordinary		SWAP	Opening Short	9,471	0.5136 GBP
10p ordinary		SWAP	Opening Short	165,318	0.5195 GBP
10p ordinary		SWAP	Opening Short	270,298	0.5230 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security				Exercising/ exercised against		securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security				Details		applicable)

4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				29 Aug 2022
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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Form 8.5 (EPT/NON-RI) Tullow Oil plc - Barclays PLC | RNS | Ticker