Last checked at 18 Jun 2019 10:00
For Immediate Release | 18 June 2019 |
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces share award transactions by an executive Director of the Company.
Peter Rose
On 17 June 2019, Peter Rose exercised 111,327 nil-cost options which were awarded under the rules of the Hunting Performance Share Plan. Mr Rose's options were granted on 11 March 2016 and vested on 11 March 2019.
The average price on exercise of the options was 493.68 pence per share.
Mr Rose subsequently sold 52,460 ordinary shares on the same date to cover personal tax liabilities and retained 58,867 ordinary shares.
The average selling price of the ordinary shares was 493.68 pence per share.
Following these transactions, Mr Rose's interest in the Company has increased to 167,712 ordinary shares representing 0.10% of the issued share capital.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Peter Rose | |||
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 | Nil-cost options awarded under the Hunting Performance Share Plan. | |||
Identification code | ISIN:- GB0004478896 | ||||
Nature of the transaction | Exercise of nil-cost options in the Company under the rules of the Hunting Performance Share Plan. | ||||
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
493.68 pence | 111,327 nil-cost options | ||||
Date of the transaction | 17 June 2019 | ||||
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) | ||||
493.68 pence | 52,460 Ordinary Shares | ||||
Date of the transaction | 17 June 2019 | ||||
Place of the transaction | London | ||||
For further information please contact:
Ben Willey, Company Secretary | 020 7321 0123 |