Two Tullow Oil plc directors have exercised a combined 10.5 million granted nil price options over ordinary shares of 10p each in the company.
On 11 March, chief executive officer Rahul Dhir acquired 5,549,057 shares in relation to the company’s executive share plan for the performance period 2024-2026.
He also acquired 1,144,385 shares from options granted in accordance to a deferred 2023 Tullow incentive plan under the executive share plan.
Chief financial officer Richard Miller acquired on the same date 3,491,620 and 338,652 ordinary shares under the executive share plan for 2024-2026 and annual bonus award under the plan, respectively.