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Hunting PLC (HTG)

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Friday 06 March, 2020

Hunting PLC

Director / PDMR Shareholding

RNS Number : 3152F
Hunting PLC
06 March 2020
 

For Immediate Release

 6 March 2020

 

Hunting PLC

 

("Hunting" or "the Company")

 

Directors Shareholding/PDMR

 

Hunting PLC today announces the following share awards granted on 3 March 2020 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

653,205

Peter Rose

Executive Director

182,532

Rick Bradley

Executive Committee

246,865

Jason Mai

Executive Committee

122,050

Scott George

Executive Committee

140,797

Bruce Ferguson

Executive Committee

91,022

Daniel Tan

Executive Committee

113,126

Randy Walliser

Executive Committee

31,542

 

 

The Company notes that in line with best practice corporate governance recommendations, given the decline in the Company's share price since the last grant on 21 March 2019, the awards have been reduced in value by 20% when compared with the awards granted in 2019 and that all the awards granted on 3 March 2020 to the executive Directors and the members of the executive committee 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 2020 HPSP grant are as follows:

 

Performance Condition

Proportion

Threshold Vesting

Maximum Vesting

EPS

25%

40 cents

60 cents

ROCE

35%

8.0%

13.0%

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 2022, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2022.

 

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 to the date of grant, being 311.6 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

653,205  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

653,205



- Price

Nil



e)

Date of the transaction

3 March 2020

f)

Place of the transaction

Outside a trading venue

 

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 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

182,532 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

182,532



- Price

Nil



e)

Date of the transaction

3 March 2020

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

246,865  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

246,865



- Price

Nil



e)

Date of the transaction

3 March 2020

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

122,050  Ordinary Shares







d)

 

Aggregated information

 

 



- Aggregated volume

122,050



- Price

Nil



e)

Date of the transaction

3 March 2020

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

140,797 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

140,797



- Price

Nil



e)

Date of the transaction

3 March 2020

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

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

91,022 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

91,022



- Price

Nil



e)

Date of the transaction

3 March 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daniel Tan

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

113,126 Ordinary Shares







d)

Aggregated information




- Aggregated volume

113,126



- Price

Nil



e)

Date of the transaction

3 March 2020

f)

Place of the transaction

Outside a trading venue

 

 

a)

Name

Randy Walliser

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

31,542 Ordinary Shares







d)

Aggregated information




- Aggregated volume

31,542



- Price

Nil



e)

Date of the transaction

3 March 2020

f)

Place of the transaction

Outside a trading venue

 

 

For further information please contact:

 

Ben Willey, Company Secretary

020 7321 0123

 


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