Last checked at 7 Mar 2022 16:00
For Immediate Release | 7 March 2022 |
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted on 4 March 2022 under the Hunting Performance Share Plan ("HPSP") to the executive Directors and members of the executive committee.
PDMR | Position | Number of performance based awards granted |
Jim Johnson | Executive Director | 1,217,058 |
Bruce Ferguson | Executive Director | 289,408 |
Rick Bradley | Executive Committee | 459,961 |
Jason Mai | Executive Committee | 259,251 |
Scott George | Executive Committee | 274,077 |
Stewart Barrie | Executive Committee | 68,337 |
Liese Borden | Executive Committee | 151,393 |
Ryan Elliott | Executive Committee | 126,160 |
Gregory Farmer | Executive Committee | 163,002 |
Ben Willey | Executive Committee | 135,974 |
The share awards are subject to vesting on the third anniversary of the date of grant. The share awards granted to the executive Directors and Rick Bradley, are wholly performance-based. The awards granted the other members of the executive committee are 60% performance-based and 40% time-based.
This year, the performance conditions and targets attached to the performance-based awards of the 2022 HPSP grant includes a free cash flow metric ("FCF"), as follows:
Performance Condition | Proportion | Threshold Vesting | Maximum Vesting |
EPS | 20% | 16.6 cents | 24.9 cents |
ROCE | 25% | 4.0% | 8.0% |
TSR | 20% | Median | Upper Quartile |
FCF | 20% | $115m | $172m |
Balanced Scorecard | |||
- Safety | 7.5% | 2.00 | |
- Quality Assurance | 7.5% | 0.8 | 0.5 |
The EPS and ROCE performance conditions will be measured against the financial performance of the Company for the year ended 31 December 2024, while the TSR, FCF and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2024.
The number of shares subject to the award are determined by using the average closing middle market price of a Hunting PLC Ordinary share on 3 March 2022, being 219.5 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 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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 1,217,058 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 1,217,058 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | 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 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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 289,408 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 289,408 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Rick Bradley | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
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 | Awards over Ordinary Shares of 25p each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 459,961 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 459,961 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | 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 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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 259,251 Ordinary Shares | ||||
d) |
Aggregated information |
| |||
- Aggregated volume | 259,251 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | 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 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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 274,077 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 274,077 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Stewart Barrie | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 68,337 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 68,337 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | 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 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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 151,393 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 151,393 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Ryan Elliott | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 126,160 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 126,160 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Gregory Farmer | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 163,002 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 163,002 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | 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 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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 135,974 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 135,974 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 4 March 2022 | |||
f) | Place of the transaction | London | |||
For further information please contact:
Ben Willey, Company Secretary | 020 7321 0123 |