REG - Hunting PLC - Director/PDMR Shareholding
For Immediate Release
21 March 2019
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted on 21 March 2019 under the Hunting Performance Share Plan ("HPSP") to the executive Directors and members of the executive committee.
PDMR
Position
No. of performance based awards granted
No. of time based awards granted
Total
Jim Johnson
Executive Director
422,507
-
422,507
Peter Rose
Executive Director
119,201
-
119,201
Rick Bradley
Executive Committee
160,955
-
160,955
Jason Mai
Executive Committee
48,286
32,191
80,477
Scott George
Executive Committee
55,703
37,135
92,838
Bruce Ferguson
Executive Committee
27,008
18,005
45,013
Daniel Tan
Executive Committee
44,755
29,837
74,592
The executive Directors and the Group's Chief Operating Officer are granted awards which are wholly performance based. Other members of the executive committee are also granted awards which are dependent on continued service throughout the vesting period. The awards are subject to vesting on the third anniversary of the date of grant.
The performance conditions and targets attached to the performance based awards of the 2019 HPSP grant are as follows:
Performance Condition
Proportion
Threshold Vesting
Maximum Vesting
EPS
25%
50 cents
70 cents
ROCE
35%
10.0%
15.0%
TSR
25%
Median
Upper Quartile
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 2021, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2021.
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 the previous five days to the date of grant, being 573.5 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 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
422,507 Ordinary Shares
d)
Aggregated information
- Aggregated volume
422,507
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
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 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 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
119,201 Ordinary Shares
d)
Aggregated information
- Aggregated volume
119,201
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
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
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
160,955 Ordinary Shares
d)
Aggregated information
- Aggregated volume
160,955
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
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
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
80,477 Ordinary Shares
d)
Aggregated information
- Aggregated volume
80,477
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
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
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
92,838 Ordinary Shares
d)
Aggregated information
- Aggregated volume
92,838
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bruce Ferguson
2
Reason for the notification
a)
Position/status
Executive Committee
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 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
45,013 Ordinary Shares
d)
Aggregated information
- Aggregated volume
45,013
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Daniel Tan
2
Reason for the notification
a)
Position/status
Executive Committee
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
74,592 Ordinary Shares
d)
Aggregated information
- Aggregated volume
74,592
- Price
Nil
e)
Date of the transaction
21 March 2019
f)
Place of the transaction
Outside a trading venue
For further information please contact:
Ben Willey, Company Secretary
020 7321 0123
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