Director Shareholding

RNS Number : 5393E

Hunting PLC

28 February 2020

 

For Immediate Release

28 February 2020

Hunting PLC

("Hunting" or "the Company")

Directors Shareholding/PDMR

Hunting PLC today announces that in line with the shareholder approved Directors' Remuneration Policy, the annual bonus due to the Executive Directors has been paid through a mix of cash and Hunting PLC ordinary shares (shares).

Under the Annual Performance-Linked Bonus Plan rules, 25% of the post-tax value of the bonus was delivered at a closing mid-market price on 26 February 2020 of 292.4 pence per share, from market purchased shares held in trust by the Hunting Employee Benefit Trust.

As a result Jim Johnson receives 22,800 shares and Peter Rose receives 8,882 shares. The shares are to be retained for a minimum of two years. The balance of their 2019 annual bonus is payable in cash.

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	Delivery of 25% of post-tax value of annual bonus in shares
	Price(s) and volume(s)	Price(s)		Volume(s)
		292.4 pence		22,800 Ordinary Shares
	Date of the transaction	27 February 2020
	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
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	Delivery of 25% of post-tax value of annual bonus in shares
	Price(s) and volume(s)	Price(s)		Volume(s)
		292.4 pence		8,882 Ordinary Shares
	Date of the transaction	27 February 2020
	Place of the transaction	London

For further information please contact:

Ben Willey, Company Secretary

020 7321 0123

 

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