Maybe pooled nominee accounts can apply for the maximum TLW shares based on the total holding and if some holders do not want TLW shares the others may get more. Maybe they are trying to panick people into becoming a Pooled investors.
If TLW shares stay at a premium, I can't see why anyone, pooled or otherwise, would not opt to take the maximum TLW. I would think that Tullow must dole them out pro rata up to the 65 million to all shareholders requesting more than 40%.
regards
Complex
HDR Price at posting:
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