Last checked at 5 Mar 2020 14:50
For Immediate Release | 5 March 2020 |
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR transactions
Hunting PLC today announces that under the rules of the Hunting Performance Share Plan ("HPSP"), and following the measurement of the relevant performance conditions, shares granted in 2017 to the executive Directors and members of the Hunting executive committee, who are all determined to be PDMRs, partially vested and were exercised as follows:
PDMR | Position | No. of vested & exercised awards | No. of ordinary shares sold | No. of ordinary shares retained |
Jim Johnson | Executive Director | 148,314 | 58,527 | 89,787 |
Rick Bradley | Executive Committee | 89,036 | 35,155 | 53,881 |
Scott George | Executive Committee | 92,205 | 60,393 | 31,812 |
Bruce Ferguson | Executive Committee | 40,051 | 18,891 | 21,160 |
Daniel Tan | Executive Committee | 65,898 | 14,549 | 51,349 |
Mr Johnson's interest in Hunting PLC ordinary shares, as a Director of the Company, now totals 317,629 ordinary shares, representing 0.19% of the issued share capital of the Company.
The performance measures of the awards are noted on pages 94 and 98 of the 2019 Annual Report and Accounts. The performance period was 1 January 2017 to 31 December 2019.
The average selling price of the above ordinary shares for tax liabilities was 313.876 pence.
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 | |||
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 | Ordinary Shares of 25 pence each | |||
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Identification code | ISIN:- GB0004478896 | ||||
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| Nature of the transaction | Vesting and exercise of share awards over Ordinary Shares in the Company granted on 3 March 2017, under the rules of the Hunting Performance Share Plan. | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 148,314 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
Place of the transaction | London | ||||
| TRANSACTION 2 | ||||
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
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Identification code | ISIN:- GB0004478896 | ||||
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| Nature of the transaction | Sale of Ordinary Shares to cover tax liabilities | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 58,527 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
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 | |||
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 | Ordinary Shares of 25 pence each | |||
|
| ||||
Identification code | ISIN:- GB0004478896 | ||||
|
| ||||
| Nature of the transaction | Vesting and exercise of share awards over Ordinary Shares in the Company granted on 3 March 2017, under the rules of the Hunting Performance Share Plan. | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 89,036 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
Place of the transaction | London | ||||
| TRANSACTION 2 | ||||
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
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Identification code | ISIN:- GB0004478896 | ||||
|
| ||||
| Nature of the transaction | Sale of Ordinary Shares to cover tax liabilities | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 | 35,155 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
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 |
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 | Ordinary Shares of 25 pence each | |||
|
| ||||
Identification code | ISIN:- GB0004478896 | ||||
|
| ||||
| Nature of the transaction | Vesting and exercise of share awards over Ordinary Shares in the Company granted on 3 March 2017, under the rules of the Hunting Performance Share Plan. | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 92,205 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
Place of the transaction | London | ||||
| TRANSACTION 2 | ||||
| Description of the financial instrument, type of instrument | Ordinary Shares of 25 pence each | |||
|
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Identification code | ISIN:- GB0004478896 | ||||
|
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| Nature of the transaction | Sale of Ordinary Shares | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 60,393 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
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 | Executive Committee Member | |||
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 | Ordinary Shares of 25 pence each | |||
|
| ||||
Identification code | ISIN:- GB0004478896 | ||||
|
| ||||
| Nature of the transaction | Vesting and exercise of share awards over Ordinary Shares in the Company granted on 3 March 2017, under the rules of the Hunting Performance Share Plan. | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 40,051 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
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) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 18,891 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
Place of the transaction | London | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Daniel Tan | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
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 | Ordinary Shares of 25 pence each | |||
|
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Identification code | ISIN:- GB0004478896 | ||||
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| Nature of the transaction | Vesting and exercise of share awards over Ordinary Shares in the Company granted on 11 March 2016, under the rules of the Hunting Performance Share Plan. | |||
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 65,898 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
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) |
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| Price(s) | Volume(s) |
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| 313.876 pence | 14,549 Ordinary Shares |
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Date of the transaction | 3 March 2020 | ||||
Place of the transaction | London | ||||
For further information please contact:
Ben Willey, Company Secretary | 020 7321 0123 |