Directors Shareholding/PDMR

RNS Number : 5291R

Hunting PLC

08 March 2021

 

For Immediate Release

8 March 2021

Hunting PLC

("Hunting" or "the Company")

Directors Shareholding/PDMR

Hunting PLC today announces the following share awards granted on 4 March 2021 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	757,732
Bruce Ferguson	Executive Director	172,203
Rick Bradley	Executive Committee	286,368
Jason Mai	Executive Committee	141,581
Scott George	Executive Committee	163,328
Stewart Barrie	Executive Committee	44,674

The Company notes that in line with best practice recommendations and similar to the practice adopted with share awards which were granted in 2020, the above awards have been reduced by 22% from the normal grant factors that apply to the executive Directors and the members of the executive committee. The share awards granted are wholly performance based.

The awards are subject to vesting on the third anniversary of the date of grant.

The performance conditions and targets attached to the performance based awards of the 2021 HPSP grant are as follows:

Performance Condition	Proportion	Threshold Vesting	Maximum Vesting
EPS	25%	20 cents	40 cents
ROCE	35%	6.0%	9.0%
TSR	25%	Median	Upper Quartile
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 2023, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2023.

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 the previous five days up to the date of grant, being 261.9 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	757,732 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	757,732
	- Price	Nil
e)	Date of the transaction	4 March 2021
f)	Place of the transaction	Outside a trading venue

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	172,203 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	172,203
	- Price	Nil
e)	Date of the transaction	4 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rick Bradley
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 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	286,368 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	286,368
	- Price	Nil
e)	Date of the transaction	4 March 2021
f)	Place of the transaction	Outside a trading venue

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	141,581 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	141,581
	- Price	Nil
e)	Date of the transaction	4 March 2021
f)	Place of the transaction	Outside a trading venue

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	163,328 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	163,328
	- Price	Nil
e)	Date of the transaction	4 March 2021
f)	Place of the transaction	Outside a trading venue

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	44,674 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	44,674
	- Price	Nil
e)	Date of the transaction	4 March 2021
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Ben Willey, Company Secretary

020 7321 0123

 

END

 

 

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