t
Hunting PLC announced on 10 March 2023 that nil cost share awards granted in 2020 under its Performance Share Plan to its executive Directors and Executive Committee members (PDMRs) partially vested and were exercised on 3 March 2023. A total of 202,047 ordinary shares vested, with 121,881 shares sold at an average price of 282.0 pence to cover tax liabilities and 81,026 shares retained by the PDMRs. Following these transactions, Executive Director Jim Johnson's interest in Hunting PLC totals 567,988 ordinary shares, representing 0.34% of the issued share capital.
| Date | 10 Mar 2023 |
| Time | 16:39:28 |
| Category | Director/PDMR dealings |
| ID | 6404S |
|
For Immediate Release |
10 March 2023 |
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, nil cost share awards granted in 2020 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 |
48,990 |
19,278 |
29,712 |
|
Scott George |
Executive Committee |
10,559 |
10,559 |
0 |
|
Jason Mai |
Executive Committee |
9,153 |
3,602 |
5,551 |
|
Stewart Barrie |
Executive Committee |
17,137 |
8,226 |
8,911 |
|
Gregory Farmer |
Executive Committee |
38,672 |
38,672 |
0 |
|
Liese Borden |
Executive Committee |
21,091 |
8,299 |
12,792 |
|
Ryan Elliot |
Executive Committee |
17,576 |
17,576 |
0 |
|
Dane Tipton |
Executive Committee |
39,669 |
15,609 |
24,060 |
Mr Johnson's interest in Hunting PLC ordinary shares, as a Director of the Company, now totals 567,988 ordinary shares, representing 0.34% of the issued share capital of the Company.
The performance measures of the awards are noted on page 150 of the 2022 Annual Report and Accounts. The performance period was 1 January 2020 to 31 December 2022.
The average selling price of the above ordinary shares for tax liabilities was 282.0 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 |
|||
|
|
|
||||
|
Identification code |
ISIN:- GB0004478896 |
||||
|
|
|
||||
|
|
Nature of the transaction |
Vesting and exercise of nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
48,990 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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) |
|
|
|
|
|
282 pence |
19,278 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
10,559 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
282 pence |
10,559 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
9,153 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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) |
|
|
|
|
|
282 pence |
3,602 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
17,137 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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) |
|
|
|
|
|
282 pence |
8,226 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
Place of the transaction |
London |
||||
|
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 |
|||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
38,672 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
282 pence |
38,672 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
21,091 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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) |
|
|
|
|
|
282 pence |
8,299 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
17,576 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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 |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
282 pence |
17,576 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
Place of the transaction |
London |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Dane Tipton |
|||
|
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 nil cost share awards over Ordinary Shares in the Company granted on 3 March 2020, under the rules of the Hunting Performance Share Plan. |
|||
|
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0 pence |
39,669 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
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) |
|
|
|
|
|
282 pence |
15,609 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
Date of the transaction |
3 March 2023 |
||||
|
Place of the transaction |
London |
||||
For further information please contact:
|
Ben Willey, Company Secretary |
020 7321 0123 |