Director/PDMR Shareholding

RNS Number : 6408Y

Hunting PLC

06 March 2017

 

For Immediate Release

6 March 2017

Hunting PLC

("Hunting" or "the Company")

Directors Shareholding/PDMR

Hunting PLC today announces the following share awards granted under the Hunting Performance Share Plan ("HPSP") to the executive Directors of the Company.

Dennis Proctor

On 3 March 2017, under the rules of the HPSP, Dennis Proctor was granted a conditional award at nil cost, to acquire 523,733 shares in the capital of the Company.

Peter Rose

On 3 March 2017, under the rules of the HPSP, Peter Rose was granted conditional options at nil cost, to acquire 115,889 shares in the capital of the Company.

These awards will vest on the third anniversary of the date of grant subject to performance conditions, in respect of TSR, EPS and ROCE. 

The number of shares subject to the award are determined by using the closing middle market price of a Hunting PLC Ordinary share on the day prior to the date of grant, being 540p per share.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dennis Proctor
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 25p 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	523,733 Ordinary Shares
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	3 March 2017
f)	Place of the transaction	London

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 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 25p 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	115,889 Ordinary Shares
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	3 March 2017
f)	Place of the transaction	London

For further information please contact:

Ben Willey, Company Secretary

020 7321 0123

 

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