Directors Shareholding/PDMR

Hunting PLC

19 April 2024

 

For Immediate Release

19 April 2024

Hunting PLC

("Hunting" or "the Company")

Directors Shareholding/PDMR

Hunting PLC today announces the following share awards granted to the executive Directors and members of the Executive Committee on 18 April 2024, under the rules of the 2024 Hunting Performance Share Plan ("HPSP"), which was approved by shareholders at the Annual General Meeting on 17 April 2024.

PDMR	Position	Number of Performance based awards granted	Number of Time based awards granted
Jim Johnson	Executive Director	665,858	190,245
Bruce Ferguson	Executive Director	155,105	48,470
Jason Mai	Executive Committee	105,888	70,592
Scott George	Executive Committee	111,943	74,629
Stewart Barrie	Executive Committee	29,028	19,352
Liese Borden	Executive Committee	61,834	41,223
Ryan Elliott	Executive Committee	51,529	34,352
Gregory Farmer	Executive Committee	66,576	44,384
Dane Tipton	Executive Committee	91,315	60,877
Ben Willey	Executive Committee	63,797	42,532

The share awards are subject to vesting on the third anniversary of the grant date. The share awards granted to Jim Johnson are 350% performance-based and 100% time-based of annual salary and 160% performance-based and 50% time-based for Bruce Ferguson. The other members of the Executive Committee are 60% performance-based and 40% time-based.

This year, the performance conditions and targets attached to the performance-based awards of the 2024 HPSP grant are as follows:

Performance Condition	Proportion	Threshold Vesting	Maximum Vesting
EPS	15%	50.0 cents	60.0 cents
ROCE	25%	13.5%	15.0%
TSR	30%	Median	Upper Quartile
FCF	15%	$220m	$270m
Strategic 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 2026, while the TSR, FCF and Strategic Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2026. Time-based awards granted to the Executive Directors are subject to an underpin, which will be determined by the Remuneration Committee based on the Committee's assessment of the underlying performance of the business over the performance period against a range of objective factors.

The number of shares subject to the award were determined by using the closing middle market price of a Hunting PLC Ordinary share on 17 April 2024, being 355.5 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 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	856,103 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	856,103
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bruce Ferguson
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	203,575 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	203,575
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

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	176,480 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	176,480
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

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	186,572 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	186,572
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stewart Barrie
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	48,380 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	48,380
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Liese Borden
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	103,057  Ordinary Shares
d)	Aggregated information
	- Aggregated volume	103,057
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ryan Elliott
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	85,881  Ordinary Shares
d)	Aggregated information
	- Aggregated volume	85,881
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gregory Farmer
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	110,960  Ordinary Shares
d)	Aggregated information
	- Aggregated volume	110,960
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dane Tipton
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	152,192 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	152,192
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Willey
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	106,329 Ordinary Shares
d)	Aggregated information
	- Aggregated volume	106,329
	- Price	Nil
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London

For further information please contact:

Ben Willey, Company Secretary

020 7321 0123

 

END