Directors Shareholding/PDMR Replacement

RNS Number : 7372T

Hunting PLC

21 March 2023

For Immediate Release

21 March 2023

The following amendments have been made to the Directors Shareholding/PDMR announcement released on 9 March 2023 at 15.39 under RNS No 4880S.

The corrected threshold and maximum vesting targets attached to the Performance Conditions granted under the rules of the Hunting Performance Share Plan granted on 6 March 2023 are as follows:

Performance Condition	Proportion	Threshold Vesting	Maximum Vesting
EPS	20%	25.0 cents	50.0 cents
ROCE	25%	10.5%	13.0%
TSR	20%	Median	Upper Quartile
FCF	20%	$200m	$250m
Balanced Scorecard
- Safety	7.5%	2.00	<1.00
- Quality Assurance	7.5%	0.8	0.5

All other details remain unchanged.

Hunting PLC

("Hunting" or "the Company")

Directors Shareholding/PDMR

Hunting PLC today announces the following share awards granted on 6 March 2023 under the Hunting Performance Share Plan ("HPSP") to the executive Directors and members of the Executive Committee.

PDMR	Position	Number of performance based awards granted
Jim Johnson	Executive Director	994,687
Bruce Ferguson	Executive Director	236,529
Jason Mai	Executive Committee	211,883
Scott George	Executive Committee	224,000
Stewart Barrie	Executive Committee	58,085
Liese Borden	Executive Committee	123,732
Ryan Elliott	Executive Committee	103,110
Gregory Farmer	Executive Committee	133,219
Dane Tipton	Executive Committee	181,000
Ben Willey	Executive Committee	127,660

The share awards are subject to vesting on the third anniversary of the date of grant. The share awards granted to the executive Directors are wholly performance-based. The awards granted the other members of the Executive Committee are 60% performance-based and 40% time-based.

Performance Condition	Proportion	Threshold Vesting	Maximum Vesting
EPS	20%	25.0 cents	50.0 cents
ROCE	25%	10.5%	13.0%
TSR	20%	Median	Upper Quartile
FCF	20%	$200m	$250m
Balanced Scorecard
- Safety	7.5%	2.00	<1.00
- Quality Assurance	7.5%	0.8	0.5
-

The EPS and ROCE performance conditions will be measured against the financial performance of the Company for the year ended 31 December 2025, while the TSR, FCF and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2025.

The number of shares subject to the award are determined by using the average closing middle market price of a Hunting PLC Ordinary share on 3 March 2023, being 282.0 pence per share.

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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	994,687 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	994,687

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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	Finance Director
b)	Initial notification /Amendment	Initial notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	236,529 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	236,529

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	211,883 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	211,883

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	224,000 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	224,000

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	58,085 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	58,085

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	123,732 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	123,732

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	103,110 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	103,110

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	133,219 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	133,219

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	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 notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	181,000 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	181,000

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Willey
2	Reason for the notification
a)	Position/status	Executive Committee Member
b)	Initial notification /Amendment	Initial notification
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
a)	Description of the financial instrument, type of instrument	Awards over Ordinary Shares of 25 pence each

	Identification code	ISIN:- GB0004478896

b)	Nature of the transaction	Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP)
c)
	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil cost	127,660 Ordinary Shares

d)	Aggregated information

	- Aggregated volume	127,660

	- Price	Nil

e)	Date of the transaction	6 March 2023
f)	Place of the transaction	London

For further information please contact:

Ben Willey, Company Secretary

020 7321 0123

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHJBMBTMTITBPJ

TIDM	HTG
Share Price	394.60p2.47%
Market Cap	£598.32m

Date	21 Mar 2023
Time	12:00:01
Category	Director/PDMR dealings
ID	7372T

TIDM	HTG
Share Price	394.60p2.47%
Market Cap	£598.32m

Date	21 Mar 2023
Time	12:00:01
Category	Director/PDMR dealings
ID	7372T

t

Company Information

RNS Metadata

Company Information

RNS Metadata

Directors Shareholding/PDMR Replacement