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Tullow Oil PLC, as an offeror, filed a Public Opening Position Disclosure (Form 8 (OPD)) on June 17, 2022, detailing positions as of June 16, 2022, in relation to itself and offeree Capricorn Energy PLC. Tullow Oil PLC reported no interests or short positions in either company's relevant securities. However, its directors collectively held 1,555,824 ordinary shares in Tullow Oil PLC, with Rahul Dhir also holding options for 10,423,585 Tullow Oil PLC shares, and Sarah Wilson, wife of director Jeremy Wilson, held 8,915 (0.003%) ordinary shares in Capricorn Energy PLC.
| Date | 17 Jun 2022 |
| Time | 11:04:54 |
| Category | Holding(s) in company |
| ID | 2944P |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART), DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
TULLOW OIL PLC (the "Company")
Rules 8.1 and 8.2 Announcement
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
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(a) Full name of discloser: |
Tullow Oil PLC |
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(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
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Tullow Oil PLC (Offeror) |
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(d) Is the discloser the offeror or the offeree? |
Offeror |
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(e) Date position held: The latest practicable date prior to the disclosure |
16 June 2022 |
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
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Yes
Capricorn Energy PLC (Offeree)
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2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
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Class of relevant security:
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Interests |
Short positions |
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Number |
% |
Number |
% |
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(1) Relevant securities owned and/or controlled: |
Nil |
- |
Nil |
- |
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(2) Cash-settled derivatives:
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Nil |
- |
Nil |
- |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
Nil |
- |
Nil |
- |
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TOTAL: |
Nil |
- |
Nil |
- |
(b) Rights to subscribe for new securities
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Class of relevant security in relation to which subscription right exists: |
Nil |
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Details, including nature of the rights concerned and relevant percentages: |
N/A |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
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Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: |
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(a) Interests held by the directors of Tullow Oil PLC, their close relatives and the related trusts of any of them in the ordinary shares of Tullow Oil PLC (excluding the options set out below):
(b) Options held by directors of Tullow Oil PLC, their close relatives and the related trusts of any of them:
(c) Interests held by the connected advisers of Tullow Oil PLC in the ordinary shares of Tullow Oil PLC
(d) Interests held by the directors of Tullow Oil PLC, their close relatives and the related trusts of any of them in the ordinary shares of Capricorn Energy PLC:
(1) Wife of Jeremy Wilson. |
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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 party to the offer making the disclosure or any person acting in concert with it:
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: |
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None
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(c) Attachments
Are any Supplemental Forms attached?
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Supplemental Form 8 (Open Positions) |
NO |
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Supplemental Form 8 (SBL) |
NO |
Date of disclosure: |
17 June 2022 |
Contact name: |
Adam Holland |
Telephone number: |
+44 20 3249 9000 |
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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CONTACTS |
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Tullow Oil plc (London) (+44 20 3249 9000) Adam Holland (Company Secretary) Robert Hellwig (Investors) Matthew Evans (Investors) George Cazenove (Media) |
Camarco (+44 20 3781 9244) Billy Clegg Monique Perks Rebecca Waterworth |