Tullow Oil plc has had its primary listing on the London Stock Exchange (LSE) since 2000 and is also listed on the Irish Stock Exchange (ISE). In view of Tullow’s long-term prospects in Ghana, the company has decided to list Tullow shares on the Ghanaian Stock Exchange (GSE). This step demonstrates Tullow’s long-term commitment to Ghana and we believe that an offer of Tullow shares will give all Ghanaians the opportunity to own shares in Tullow Oil and participate in its future development.
The Offer was open from 13 June to 4 July 2011 with Shares offered at 31 Ghana Cedi per Share. During this period, 10,147 valid applications were received for 3,531,546 Shares representing a total amount of 109,477,926 Ghana Cedi (approximately 72.3 million US Dollars). Dealings in the listed ordinary shares on the GSE commenced on 27 July 2011. These are ordinary shares and rank equally in all respects with all other issued ordinary shares of Tullow, including voting rights. Following completion of the transaction, dealings in Tullow’s ordinary shares can be done on the LSE, ISE or the GSE.
Copies of the Prospectus were made available during the offer period from the offices of the Sponsoring Broker, any of the Receiving Banks or Receiving Agents. It could also be downloaded from the Tullow Ghana website and the Information pack.
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Creating shared prosperity
Creating shared prosperity brings together the key aspects of how we will run our business in support of our commitment to make a positive and lasting contribution to Africa and other regions where we operate.