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

Transaction allows Heavey to maintain his percentage holding in Tullow

Barry J Whyte

Chief Feature Writer @whytebarry
23rd April, 2017
Tullow chairman Aidan Heavey

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...

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