Voting Agreement and PDMR declaration

RNS Number : 4023S

Hunting PLC

23 September 2014

 



For immediate release

23 September 2014

Hunting PLC

("Hunting" or the "Company")

Voting Agreement and PDMR declaration

Hunting Investments Limited - Voting Agreement

Hunting PLC (LSE:HTG) announces that it has received notification today from Hunting Investments Limited ("HIL") that HIL, including its wholly owned subsidiary Huntridge Limited; Slaley Investments Limited; the Trustees of the Hunting Family Trusts and certain individual members of the Hunting family (collectively known as the "Signatories"), who beneficially hold ordinary shares in the Company, have entered into a formal Voting Agreement (the "Agreement") dated 22 September 2014.

The Agreement has the legal effect of transferring all voting rights of Hunting PLC ordinary shares held by the Signatories to a Voting Committee administered by HIL under the delegated authority of the Signatories.

Following the Agreement the total voting rights of HIL has increased to 25,321,694, representing 17.06% of the issued share capital of the Company.

The table below details the beneficial holdings of the Signatories in Hunting PLC ordinary shares:

	Beneficial Holding
Hunting Investments Limited (including Huntridge Limited)	10,884,743
Slaley Investments Limited	6,411,679
Hunting Family Trusts	6,025,864
Hunting Family members	1,999,408
Total	25,321,694

The Company notes that other Hunting family interests totalling 901,141 ordinary shares are not party to the Agreement.

Further, the Company confirms that HIL, including Huntridge Limited, and Slaley Investments Limited are not owned, either directly or indirectly, by Hunting PLC.

Richard Hunting - PDMR Declaration

The Company has received notification today from Richard Hunting, non-executive Chairman of Hunting PLC, that he is a Signatory to the above Agreement in relation to his beneficial holding of ordinary shares and in his capacity as a trustee.

Richard Hunting's beneficial holding of 463,306 ordinary shares in Hunting PLC remains unchanged representing 0.31% of the current issued share capital of Hunting PLC. Richard Hunting's non-beneficial interest in the Hunting Family Trusts also remains at 979,049 ordinary shares in the Company, representing 0.66% of the issued share capital of Hunting PLC. All voting rights have, however, been transferred to the Voting Committee.

Richard Hunting is also a non-executive director of Hunting Investments Limited, but is not a member of the Voting Committee.

For further information please contact:

Hunting PLC Ben Willey, Company Secretary

Tel: [phone]

Notes to Editors:

About Hunting PLC

Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, Hong Kong, Indonesia, Mexico, Netherlands, Singapore, South Africa, Thailand, United Arab Emirates and the United States of America.

 

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