Last checked at 17 Sep 2018 12:38
For immediate release 17 September 2018
Hunting PLC
("Hunting" or the "Company")
Holdings In Company / PDMR Declaration
Holdings in Company
Hunting PLC (LSE : HTG) was notified today that Hunting Investments Limited ("HIL") sold 70,000 Ordinary shares in the Company on 14 September 2018. Richard Hunting is a Director of HIL and following this transaction HIL's interest has reduced to 11,003,487 Ordinary Shares in the Company, representing 6.7% of the issued share capital. The average sale price of these shares was 787.82 pence. The Directors of HIL have indicated to the Company that the sale was to provide liquidity, with no further share sales planned for the foreseeable future.
The shares held by HIL are party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014. The total voting rights held by the voting committee under the shareholder agreement, has therefore decreased to 25,382,925 Ordinary shares representing 15.38% of the issued share capital of the Company.
The table below details the beneficial holdings of the signatories to the shareholder agreement in relation to Hunting PLC Ordinary shares:
| Beneficial Holding |
Hunting Investments Limited (including Huntridge Limited) | 11,003,487 |
Slaley Investments Limited | 6,411,679 |
Hunting Family Trusts | 5,970,864 |
Hunting Family members | 1,996,895 |
Total | 25,382,925 |
PDMR Declaration
Richard Hunting
Richard Hunting is a non executive Director of Hunting PLC and is a connected party in relation to the above share sale. He is also a signatory to the shareholder agreement. Mr Hunting was not part of the decision making process to the above transaction.
Richard Hunting's beneficial holding of 466,583 Ordinary shares in Hunting PLC is unchanged representing 0.28% of the current issued share capital of Hunting PLC.
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| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Richard Hunting | |||
2 | Reason for the notification | ||||
a) | Position/status | Non-exec Director | |||
b) | Initial notification /Amendment | Initial notification | |||
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| 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 | |||
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Identification code | ISIN:- GB0004478896 | ||||
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b) | Nature of the transaction | Sale of Ordinary Shares by Hunting Investments Limited | |||
c) | Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 787.82 pence | 70,000 Ordinary Shares |
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d) | Aggregated information |
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- Aggregated volume | 70,000 | ||||
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- Price | 787.82 pence | ||||
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e) | Date of the transaction | 14 September 2018 | |||
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 |
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, Indonesia, Mexico, Netherlands, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.