Last checked at 30 Jun 2020 10:00
For immediate release | 30 June 2020 |
Hunting PLC
("Hunting" or the "Company")
PDMR Declaration
PDMR Declaration
Hunting PLC (LSE : HTG) was notified on 29 June 2020 of certain transactions by a Hunting Family Trust (the "Trust"), in respect of its holding in the Company's Ordinary shares, to which Richard Hunting, non-executive Director, is a Trustee.
Transaction 1
On Friday 26 June 2020, the Trust sold 18,000 Ordinary shares at an average price of 216.4 pence per share, to satisfy certain tax liabilities. Following this transaction the Trust held 835,089 Ordinary shares in the Company, representing 0.51% of the issued share capital.
Transaction 2
Following transaction 1 the Trust transferred 692,823 Ordinary shares to individual members of the Hunting Family, reducing the balance of Hunting PLC Ordinary shares held by the Trust to 142,266, representing 0.09% of the issued share capital.
The Trust undertaking these transactions is party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014.
Richard Hunting is a connected party in relation to these transactions, given his status as a Trustee. Mr Hunting was not party to the final decision to undertake these transactions, given his Directorship of Hunting PLC.
Richard Hunting's non-beneficial holding in Hunting PLC Ordinary shares following these transactions is 11,198,447 Ordinary shares comprising of 194,960 Ordinary shares in his capacity as a Trustee and 11,003,487 Ordinary shares as a Director of Hunting Investments Limited, representing 6.79% of the current issued share capital of Hunting PLC.
Richard Hunting's beneficial holding of 468,133 Ordinary shares in Hunting PLC remains unchanged, representing 0.28% of the current issued share capital of Hunting PLC.
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Richard Hunting | |||
2 | Reason for the notification | ||||
a) | Position/status | Non-executive Director | |||
b) | Initial notification /Amendment | Initial notification | |||
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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 25p each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Sale of Ordinary Shares by a Hunting Family Trust. | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
216.4 pence | 18,000 Ordinary Shares | ||||
d) | Aggregated information | ||||
- Aggregated volume | 18,000 | ||||
- Price | 216.4 pence | ||||
e) | Date of the transaction | 26 June 2020 | |||
f) | Place of the transaction | London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Richard Hunting | |||
2 | Reason for the notification | ||||
a) | Position/status | Non-executive Director | |||
b) | Initial notification /Amendment | Initial notification | |||
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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 25p each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Transfer of Ordinary Shares from a Hunting Family Trust. | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 692,823 Ordinary Shares | ||||
d) | Aggregated information | ||||
- Aggregated volume | 692,823 | ||||
- Price | N/A | ||||
e) | Date of the transaction | 26 June 2020 | |||
f) | Place of the transaction | London Stock Exchange | |||
For further information please contact:
Hunting PLC Ben Willey, Company Secretary | Tel: +44 (0) 20 7321 0123 |