Heavey sells £4m in shares to invest in new Tullow fundraising round

Tullow chairman Aidan Heavey has sold roughly £4 million worth of his shares in order to take up a chunk of shares in the oil company’s €700 million rights issue.

The transaction allows Heavey to maintain his percentage holding in Tullow, which stood at just under 1 per cent of the company’s shares.

So far, it’s not clear who is joining Heavey in taking up shares in the company as part of the ...