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Hunting PLC (HTG)

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Wednesday 15 April, 2020

Hunting PLC

Directorate Change and Remuneration Disclosure

RNS Number : 7851J
Hunting PLC
15 April 2020

For Immediate Release

15 April 2020



Hunting PLC


("Hunting" or the "Company")


Directorate Change and Remuneration Disclosure


Following the Annual General Meeting held today, the Company confirms that Peter Rose has stepped down as Finance Director and as a Director of Hunting PLC and consequent to shareholder approval, Bruce Ferguson succeeds Peter Rose as Finance Director and as a Director of the Company.


The Company confirms there is no further information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to Bruce Ferguson's appointment.


Further, Mr Rose's remuneration disclosures, as required by section 430(2B) of the Companies Act 2006, are noted below.


For further information please contact:


Hunting PLC   Tel: +44 (0) 20 7321 0123

Ben Willey, Company Secretary


Buchanan   Tel: +44 (0) 20 7466 5000

Ben Romney

Chris Judd


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 operations in Canada, China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.


Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.


Remuneration Disclosure:


Peter Rose


· Mr Rose gave notice to the Board on 22 January 2020 of his intention to retire.

· Mr Rose's Service Contract contains a one-year notice period.

· Mr Rose will leave the Company's employment on 31 December 2020. Mr Rose will be paid his base salary and benefits up to his departure date of 31 December 2020.

· Mr Rose will be treated as a good leaver in respect of any 2020 annual bonus entitlement. For the period from 1 January 2020 to 15 April 2020, Mr Rose's annual bonus will be calculated in line with the Directors' Remuneration Policy. Any bonus entitlement for the period from 16 April 2020 to 31 December 2020, will be determined by the Remuneration Committee in February 2021 and will be disclosed in the 2020 Directors' Remuneration Report to be published in March 2021.

·       Mr Rose's outstanding Hunting Performance Share Plan awards will be pro-rated to 31 December 2020 and will vest on the normal vesting dates, subject to performance.

· Details of these arrangements will be noted in the 2020 Directors' Remuneration Report to be published in March 2021.

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