Last checked at 16 Sep 2014 10:00
For immediate release | 16 September 2014 |
Hunting PLC
("Hunting" or the "Company")
Directorate Change
Further to the Board change announced in the Company's 2014 Half Year Results on 28 August 2014, Hunting today confirms that Andrew Szescila, non-executive Director, stepped down from the Board on 15 September 2014 following completion of his three year term of appointment.
In accordance with section 430 (2B) of the Companies Act 2006, Mr Szescila was paid all relevant fees, as disclosed in the Directors' Remuneration Policy contained in the Company's 2013 Annual Report and Accounts from 1 January 2014 to 15 September 2014, totalling US$83,074.
Mr Szescila will not receive any further payments for loss of office or any other payments in relation to the completion of his term of appointment with the Company. As at 15 September 2014, Mr Szescila held 10,000 ordinary shares in the Company.
As noted in the Half Year Results announcement, a process to recruit a new independent non-executive Director is underway, with the results to be announced in due course.
For further information please contact:
Hunting PLC Ben Willey, Company Secretary | Tel: +44 (0) 20 7321 0123 |
Notes to Editors:
About Hunting PLC
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. 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, Hong Kong, Indonesia, Mexico, Netherlands, Singapore, South Africa, Thailand, United Arab Emirates and the United States of America.