Friday, 3 June 2011

Tullow Oil lists its Ghana listing and share offer!! Offer of 4,000,000 shares open to everyone in Ghana....

**I’m thinking of buying some shares for my little Jojo… I’m guessing that as I’m not in Ghana right-now, that my daddy will have to do it? Anyway the following is more info. Remember to visit Tullow Oil plc's actual website at the bottom of this piece for more details. xx

"Tullow has a long- term dedication to Ghana and listing on the Ghana Stock Exchange (the "GSE") is one excellent way to demonstrate our commitment. Also as Africa’s leading independent oil company, it is an indication of the value we place on the communities in which we operate and the larger Ghanaian public as investors in our business.

We also believe that an offer of Tullow Shares on the GSE will give everyone in Ghana the opportunity to own shares in our company and share in our future."

TimetableTues 31 May -Plans for a secondary listing on the Ghana Stock Exchange announced
Mon 13 June -Commencement of Tullow Share Offer
Mon 4 July -End of Tullow Share Offer
Wed 27 July -First day of trading on the Ghana Stock Exchange

How to apply
1. How much are the Tullow Oil plc shares?
The Tullow shares will be offered at a price in Ghana Cedis (GHS) to be announced on 13 June 2011.

2. Do I have to apply for a minimum number of shares?
Investors must apply for a minimum of three Tullow Oil plc shares.

3. When and where can I apply for the shares?
During the offer period which will run from 13 June 2011 until 04 July 2011, both dates inclusive. You can apply from any of the following authorised receiving agents:

IC Securities (Ghana) Limited
2, 2nd Ridge Link
North Ridge
Tel: +233 (0) 302 252623

Any branch of Standard Chartered Bank Ghana Limited;
Selected branches of Agricultural Development Bank; or
The office of any licensed dealing member of the Ghana Stock Exchange. A full list of details is provided in the contacts section of the Tullow Oil Ghana Listing website.

4. What happens when I get there?
You will be required to complete and sign an application form, which will be provided to you when you arrive at the office of the authorised receiving agent. You will need to take one of the following valid forms of identification with you.

For individuals, a valid form of identification will be any of: a national passport; a driver’s licence; and a voter’s ID card. If you are applying to buy Tullow Oil plc shares on behalf of a minor (i.e. someone under the age of 18) then you must submit valid IDs for the minor. For this purpose, a valid ID constitutes a national passport and a birth or baptismal certificate of the minor.

For organisations, institutions, clubs or other bodies registration documents, Registrar General’s Form A or Form 3 or a duly executed resolution will suffice.

5. Do I have to pay in Ghana Cedis and can I pay by cheque?
Yes, you have to pay in Ghana Cedis. You can pay by cash, cheque or bank transfer. If you pay by cheque or bank transfer, then your application form will only be deemed accepted when your payment has cleared and so you should apply well in advance of the offer closing date and ensure you have the appropriate funds in your account at the time of submitting your application form.

6. What else should I preferably have in order to buy the Tullow Oil plc shares?
An email address – Having an email address will make it easier for Tullow Oil plc to communicate with you once you have become a shareholder. Through your email address you may receive public announcements, trading updates, annual reports and notices to shareholder meetings.

A bank account – Having a bank account, and putting your bank details on the application form, will make it easier for Tullow Oil plc to pay your dividends to you whenever such payments are being made.

A GSD account – All trading on the Ghana Stock Exchange is done through the Ghana Stock Exchange Securities Depository ("GSD"). As such, buyers and sellers of shares on the Ghana Stock Exchange must have a GSD account in order to be able to trade. If you would like to open a GSD account, you will need to fill in the relevant part of the share application form to do so or visit the office of any licensed dealing member of the Ghana Stock Exchange with any of the valid forms of identification described above.

7. What should I do if I need more information?
Contact IC Securities (Ghana) Limited, the Sponsoring Broker who can be reached at:

IC Securities (Ghana) Limited
2, 2nd Ridge Link
North Ridge
Tel: +233 (0) 302 252623

For more info visit:

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