Director Shareholding/PDMR Transactions

RNS Number : 9067D
Hunting PLC
07 March 2022
 

For Immediate Release

   7 March 2022

 

Hunting PLC

 

("Hunting" or "the Company")

 

Directors Shareholding/PDMR

 

Hunting PLC today announces the following share awards granted on 4 March 2022 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

  1,217,058

Bruce Ferguson

Executive Director

  289,408

Rick Bradley

Executive Committee

459,961

Jason Mai

Executive Committee

259,251

Scott George

Executive Committee

274,077

Stewart Barrie

Executive Committee

68,337

Liese Borden

Executive Committee

151,393

Ryan Elliott

Executive Committee

126,160

Gregory Farmer

Executive Committee

163,002

Ben Willey

Executive Committee

135,974

 

 

The share awards are subject to vesting on the third anniversary of the date of grant. The share awards granted to the executive Directors and Rick Bradley, are wholly performance-based. The awards granted 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 2022 HPSP grant includes a free cash flow metric ("FCF"),  as follows:

 

Performance Condition

Proportion

Threshold Vesting

Maximum Vesting

EPS

20%

16.6 cents

24.9 cents

ROCE

25%

4.0%

8.0%

TSR

20%

Median

Upper Quartile

FCF

20%

$115m

$172m

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 2024, while the TSR, FCF and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2024.

 

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 3 March 2022, being 219.5 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

1,217,058 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

 1,217,058



- Price

Nil



e)

Date of the transaction

4 March 2022

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

289,408 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

289,408



- Price

Nil



e)

Date of the transaction

4 March 2022

f)

Place of the transaction

London

 

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

459,961 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

459,961



- Price

Nil



e)

Date of the transaction

4 March 2022

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

259,251 Ordinary Shares







d)

 

Aggregated information

 

 



- Aggregated volume

259,251



- Price

Nil



e)

Date of the transaction

4 March 2022

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

274,077 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

274,077



- Price

Nil



e)

Date of the transaction

4 March 2022

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

68,337 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

68,337



- Price

Nil



e)

Date of the transaction

4 March 2022

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

151,393  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

151,393 



- Price

Nil



e)

Date of the transaction

4 March 2022

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

126,160  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

126,160 



- Price

Nil



e)

Date of the transaction

4 March 2022

f)

Place of the transaction

Outside a trading venue

 

 

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

163,002  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

163,002 



- Price

Nil



e)

Date of the transaction

4 March 2022

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

135,974 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

135,974



- Price

Nil



e)

Date of the transaction

4 March 2022

f)

Place of the transaction

London

 

 

 

For further information please contact:

 

Ben Willey, Company Secretary

020 7321 0123

 

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