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| For immediate release | 17 April 2024 |
Hunting PLC
("Hunting" or "the Company")
Results of Annual General Meeting
and Directorate Change
Hunting PLC (LSE:HTG) announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held on Wednesday,17 April 2024, as set out in the AGM notice.
Voting at the AGM was completed by way of a poll.
All resolutions were passed by the required majority, resolutions 1 to 16 as ordinary resolutions and resolutions 17 to 20 as special resolutions were passed. The result of the poll is outlined in the table below:
| | Resolution | For | % | Against | % | Votes Withheld |
| 1. | To receive the 2023 Annual Report. | 119,116,158 | 99.93 | 86,589 | 0.07 | 372,680 |
| 2. | To approve the Directors' Remuneration Policy. | 101,177,583 | 84.62 | 18,392,295 | 15.38 | 5,549 |
| 3. | To approve the new 2024 Hunting Performance Share Plan. | 114,518,244 | 95.78 | 5,045,710 | 4.22 | 11,473 |
| 4. | To approve the Annual Report on Remuneration. | 90,371,397 | 76.02 | 28,500,673 | 23.98 | 703,357 |
| 5. | To declare a final dividend of 5.0 cents per share. | 117,611,942 | 98.36 | 1,963,185 | 1.64 | 300 |
| 6. | To re-appoint Margaret Amos as a Director. | 117,042,894 | 98.15 | 2,206,760 | 1.85 | 325,773 |
| 7. | To re-elect Annell Bay as a Director. | 115,932,856 | 96.97 | 3,627,339 | 3.03 | 15,232 |
| 8. | To re-elect Stuart Brightman as a Director. | 106,597,118 | 89.26 | 12,830,922 | 10.74 | 147,387 |
| 9. | To re-elect Carol Chesney as a Director. | 116,394,242 | 97.38 | 3,126,607 | 2.62 | 54,578 |
| 10. | To re-elect Bruce Ferguson as a Director. | 117,590,677 | 98.34 | 1,983,153 | 1.66 | 1,597 |
| 11. | To re-elect Paula Harris as a Director | 116,416,196 | 97.40 | 3,104,653 | 2.60 | 54,578 |
| 12. | To re-elect Jim Johnson as a Director. | 117,608,435 | 98.36 | 1,965,395 | 1.64 | 1,597 |
| 13. | To re-elect Keith Lough as a Director. | 116,468,504 | 97.42 | 3,087,399 | 2.58 | 19,524 |
| 14. | To re-appoint Deloitte LLP as auditor. | 119,468,619 | 99.92 | 92,873 | 0.08 | 13,935 |
| 15. | To authorise the Audit Committee to determine auditor's remuneration. | 119,486,181 | 99.93 | 84,444 | 0.07 | 4,802 |
| 16. | To authorise the Directors to allot shares. | 116,665,187 | 97.57 | 2,908,381 | 2.43 | 1,859 |
| 17. | To generally authorise the Directors to disapply pre-emption rights. | 115,866,259 | 96.90 | 3,705,216 | 3.10 | 3,952 |
| 18. | To authorise the Directors to disapply additional pre-emption rights. | 115,817,169 | 96.86 | 3,752,882 | 3.14 | 5,376 |
| 19. | To authorise the Company to make market purchases of its own shares. | 118,963,941 | 99.53 | 558,330 | 0.47 | 53,156 |
| 20. | To authorise 14 clear days' notice periods for General Meetings. | 118,155,587 | 98.82 | 1,416,023 | 1.18 | 3,817 |
The Directors note that the votes in favour for resolution 4 have not reached 80%. The Board has now started a process of shareholder engagement to discuss this issue. A further update to this process will be posted on the Company's website in due course.
A "Vote Withheld" is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution.
As at the date of the AGM, the number of issued shares of the Company was 164,940,082 Ordinary shares of 25p each.
The total number of votes cast by poll, including 'Votes Withheld', was 119,575,427; % of votes cast by poll was 72.49% of the total issued share capital.
In accordance with Listing Rules 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the UK Listing Authority ("UKLA"), via the National Storage Mechanism, which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Directorate Change
At the conclusion of the AGM, John ("Jay") Glick retired from the Board and has stepped down as a Director of the Company.
Stuart Brightman has succeeded Mr Glick as Chair of the Company and as noted in the 2023 Annual Report and Accounts will also Chair the Nomination Committee. Following Mr Brightman's appointment as Chair of the Company he has stepped down from the Audit, Ethics and Sustainability and Remuneration Committees.
In addition, Margaret Amos has been appointed as Chair of the Ethics and Sustainability Committee with immediate effect.
For further information please contact:
| Hunting PLC Ben Willey, Company Secretary
| Tel: +44 (0) 20 7321 0123
|
| Buchanan Ben Romney
| Tel: +44 (0) 20 7466 5000 |
Notes to Editors:
About Hunting PLC
Hunting is a global engineering group that provides precision-engineered equipment and premium services, which add value for our customers. Established in 1874, it is a premium listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, Indonesia, Mexico, Netherlands, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
The Group reports in US dollars across five operating segments: Hunting Titan; North America; Subsea Technologies; Europe, Middle East and Africa ("EMEA"); and Asia Pacific.
Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.
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