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Hunting PLC (HTG)

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Monday 17 September, 2018

Hunting PLC

Holdings In Company / PDMR Declaration

RNS Number : 9937A
Hunting PLC
17 September 2018
 

 

For immediate release                                                                                                        17 September 2018

 

Hunting PLC

 

("Hunting" or the "Company")

 

Holdings In Company / PDMR Declaration

 

Holdings in Company

 

Hunting PLC (LSE : HTG) was notified today that Hunting Investments Limited ("HIL") sold 70,000 Ordinary shares in the Company on 14 September 2018. Richard Hunting is a Director of HIL and following this transaction HIL's interest has reduced to 11,003,487 Ordinary Shares in the Company, representing 6.7% of the issued share capital.  The average sale price of these shares was 787.82 pence. The Directors of HIL have indicated to the Company that the sale was to provide liquidity, with no further share sales planned for the foreseeable future.

 

The shares held by HIL are party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014. The total voting rights held by the voting committee under the shareholder agreement, has therefore decreased to 25,382,925 Ordinary shares representing 15.38% of the issued share capital of the Company.

 

The table below details the beneficial holdings of the signatories to the shareholder agreement in relation to Hunting PLC Ordinary shares:

 

 

Beneficial Holding

Hunting Investments Limited (including Huntridge Limited)

11,003,487

Slaley Investments Limited

6,411,679

Hunting Family Trusts

5,970,864

Hunting Family members

1,996,895

Total

25,382,925

 

PDMR Declaration

 

Richard Hunting

 

Richard Hunting is a non executive Director of Hunting PLC and is a connected party in relation to the above share sale. He is also a signatory to the shareholder agreement. Mr Hunting was not part of the decision making process to the above transaction.

 

Richard Hunting's beneficial holding of 466,583 Ordinary shares in Hunting PLC is unchanged representing 0.28% of the current issued share capital of Hunting PLC.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Hunting

2

Reason for the notification

a)

Position/status

Non-exec 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

Ordinary Shares of 25p each

 

 

Identification code

ISIN:- GB0004478896

 

 

b)

Nature of the transaction

Sale of Ordinary Shares by Hunting Investments Limited

c)

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

787.82 pence

70,000 Ordinary Shares

 

 

 

 

 

 

d)

Aggregated information

 

 

 

- Aggregated volume

70,000

 

 

- Price

787.82 pence

 

 

e)

Date of the transaction

14 September 2018

f)

Place of the transaction

London Stock Exchange

 

For further information please contact:

 

Hunting PLC

Ben Willey, Company Secretary

Tel: +44 (0) 20 7321 0123

 

 

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, Indonesia, Mexico, Netherlands, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.

 

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.

 


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