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Hunting PLC (HTG)

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Wednesday 02 May, 2018

Hunting PLC

Director Shareholding / PDMR

RNS Number : 9350M
Hunting PLC
02 May 2018
 

For Immediate Release

2 May 2018

 

Hunting PLC

 

("Hunting" or "the Company")

 

Directors Shareholding/PDMR

 

Hunting PLC today announces that under the rules of the Hunting Performance Share Plan ("HPSP"), and following the measurement of the relevant performance conditions, shares granted to the executive Directors in 2015 partially vested and were awarded as follows:

 

Jim Johnson

 

On 30 April 2018, Jim Johnson was awarded 24,733 ordinary shares in the Company. Mr Johnson subsequently sold 9,767 shares to cover tax liabilities and retained 14,966 ordinary shares. Following this, Mr Johnson's interest in Hunting PLC ordinary shares totals 66,966 ordinary shares, representing 0.04% of the issued share capital of the Company.

 

In accordance with the rules of the HPSP, Mr Johnson also receives £5,010 in cash, representing the accrued dividends paid by the Company on these shares during the vesting period.

 

Peter Rose

 

On 30 April 2018, Peter Rose was awarded 17,234 ordinary shares in the Company. Mr Rose subsequently sold 8,129 shares to cover tax liabilities and retained 9,105 ordinary shares. Following this, Mr Rose's interest in Hunting PLC ordinary shares totals 97,028 ordinary shares, representing 0.06% of the issued share capital of the Company.

 

In accordance with the rules of the HPSP, Mr Rose also receives £3,491 in cash, representing the accrued dividends paid by the Company on these vested shares during the vesting period.

 

The performance measures of the awards are noted on pages 86 to 87 of the 2017 Annual Report and Accounts. The performance period was 1 January 2015 to 31 December 2017.

 

The closing middle market price of a Hunting PLC ordinary share on the vesting date was 800.75 pence per share.

 

The average selling price of the above ordinary shares was 799.96 pence.

 

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

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


TRANSACTION 1

 

 

Description of the financial instrument, type of instrument

Ordinary Shares of 25 pence each



Identification code

ISIN:- GB0004478896




Nature of the transaction

Vesting of share awards over Ordinary Shares in the Company granted on 28 April 2015, under the rules of the Hunting Performance Share Plan.

 

 

Price(s) and volume(s)







Price(s)

Volume(s)




799.96 pence

24,733 Ordinary Shares












Date of the transaction

30 April 2018

Place of the transaction

London


TRANSACTION 2

 

 

Description of the financial instrument, type of instrument

Ordinary Shares of 25 pence each



Identification code

ISIN:- GB0004478896




Nature of the transaction

Sale of Ordinary Shares to cover tax liabilities

 

 

Price(s) and volume(s)







Price(s)

Volume(s)




799.96 pence

9,767 Ordinary Shares







Date of the transaction

1 May 2018

Place of the transaction

London

 

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

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


TRANSACTION 1

 

 

Description of the financial instrument, type of instrument

Ordinary Shares of 25 pence each



Identification code

ISIN:- GB0004478896




Nature of the transaction

Vesting of share awards over Ordinary Shares in the Company granted on 28 April 2015, under the rules of the Hunting Performance Share Plan.

 

 

Price(s) and volume(s)







Price(s)

Volume(s)




799.96 pence

17,234 Ordinary Shares












Date of the transaction

30 April 2018

Place of the transaction

London


TRANSACTION 2

 

 

Description of the financial instrument, type of instrument

Ordinary Shares of 25 pence each



Identification code

ISIN:- GB0004478896




Nature of the transaction

Sale of Ordinary Shares to cover tax liabilities

 

 

Price(s) and volume(s)







Price(s)

Volume(s)




799.96 pence

8,129 Ordinary Shares







Date of the transaction

1 May 2018

Place of the transaction

London

 

For further information please contact:

 

Ben Willey, Company Secretary

020 7321 0123

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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