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Hunting PLC (HTG)

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Thursday 21 March, 2019

Hunting PLC

Director/PDMR Shareholding

RNS Number : 6319T
Hunting PLC
21 March 2019
 

For Immediate Release

21 March 2019

 

Hunting PLC

 

("Hunting" or "the Company")

 

Directors Shareholding/PDMR

 

Hunting PLC today announces the following share awards granted on 21 March 2019 under the Hunting Performance Share Plan ("HPSP") to the executive Directors and members of the executive committee.

 

PDMR

Position

No. of performance based awards granted

 

No. of time based awards granted

 

 

Total

Jim Johnson

Executive Director

422,507

-

422,507

Peter Rose

Executive Director

119,201

-

119,201

Rick Bradley

Executive Committee

160,955

-

160,955

Jason Mai

Executive Committee

48,286

32,191

80,477

Scott George

Executive Committee

55,703

37,135

92,838

Bruce Ferguson

Executive Committee

27,008

18,005

45,013

Daniel Tan

Executive Committee

44,755

29,837

74,592

 

The executive Directors and the Group's Chief Operating Officer are granted awards which are wholly performance based. Other members of the executive committee are also granted awards which are dependent on continued service throughout the vesting period. 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 2019 HPSP grant are as follows:

 

Performance Condition


Proportion

Threshold Vesting

Maximum Vesting

EPS


25%

50 cents

70 cents

ROCE


35%

10.0%

15.0%

 

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 2021, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2021.

 

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 573.5 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 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

422,507 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

422,507



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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 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

119,201 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

119,201



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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

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

160,955 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

160,955



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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

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

80,477 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

80,477



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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

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

92,838 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

92,838



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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

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

45,013 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

45,013



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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

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

74,592 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

74,592



- Price

Nil



e)

 

Date of the transaction

 

21 March 2019

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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