| For Immediate Release | 12 March 2024 |
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR transactions
Hunting PLC today announces that under the rules of the Hunting Performance Share Plan ("HPSP"), and following the measurement of the relevant performance conditions, nil cost share awards granted in 2021 to the executive Directors and members of the Hunting Executive Committee, who are all determined to be PDMRs, partially vested and were exercised as follows:
| PDMR | Position | No. of vested & exercised awards | No. of ordinary shares sold | No. of ordinary shares retained |
| Jim Johnson | Executive Director | 259,145 | 102,228 | 156,917 |
| Bruce Ferguson | Executive Director | 58,894 | 28,960 | 29,934 |
| Scott George | Executive Committee | 55,859 | 55,859 | 0 |
| Dane Tipton | Executive Committee | 62,585 | 24,715 | 37,870 |
| Jason Mai | Executive Committee | 48,421 | 19,121 | 29,300 |
| Ben Willey | Executive Committee | 34,157 | 16,111 | 18,046 |
| Greg Farmer | Executive Committee | 61,012 | 61,012 | 0 |
| Liese Borden | Executive Committee | 33,276 | 10,486 | 22,790 |
| Ryan Elliot | Executive Committee | 27,730 | 27,730 | 0 |
Mr Johnson's interest in Hunting PLC ordinary shares, as a Director of the Company, now totals 780,557 ordinary shares, representing 0.47% of the issued share capital of the Company. Mr Ferguson as a Director of the Company, now holds 263,035 ordinary shares representing 0.16% of the issued share capital.
The performance measures of the awards are noted on page 150 of the Annual Report and Accounts 2023. The performance period was 1 January 2021 to 31 December 2023.
The average selling price of the above ordinary shares was 303.44 pence per share.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Jim Johnson | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 259,145 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
| TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares to Cover Tax Liabilities | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 102,228 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Bruce Ferguson | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Finance Director | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share options over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 58,894 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
| TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares to Cover Tax Liabilities | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 28,960 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Scott George | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 55,859 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 55,859 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Dane Tipton | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 62,585 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares to Cover Tax Liabilities | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 24,715 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Jason Mai | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 48,241 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 19,121 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Ben Willey | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share options over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 34,157 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares to Cover Tax Liabilities | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 16,111 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Greg Farmer | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 61,012 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 61,012 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Liese Borden | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 33,276 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares to Cover Tax Liabilities | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 10,486 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Ryan Elliot | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Committee Member | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Hunting PLC | |||
| b) | LEI | 2138008S5FL78ITZRN66 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
|
| TRANSACTION 1 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 4 March 2021, under the rules of the Hunting Performance Share Plan. | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 0 pence | 27,730 Ordinary Shares | | |
| | | | | | |
| | | | | | |
| Date of the transaction | 4 March 2024 | ||||
| Place of the transaction | London | ||||
|
|
TRANSACTION 2 | ||||
|
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
| | | ||||
| Identification code | ISIN:- GB0004478896 | ||||
| | | ||||
|
| Nature of the transaction | Sale of Ordinary Shares to Cover Tax Liabilities | |||
|
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 303.44 pence | 27,730 Ordinary Shares | | |
| | | | | | |
| Date of the transaction | 8 March 2024 | ||||
| Place of the transaction | London | ||||
For further information please contact:
| Ben Willey, Company Secretary | 020 7321 0123 |
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