REG - Hunting PLC - Director / PDMR Shareholding
RNS Number : 3152FHunting PLC06 March 2020
For Immediate Release
6 March 2020
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted on 3 March 2020 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
653,205
Peter Rose
Executive Director
182,532
Rick Bradley
Executive Committee
246,865
Jason Mai
Executive Committee
122,050
Scott George
Executive Committee
140,797
Bruce Ferguson
Executive Committee
91,022
Daniel Tan
Executive Committee
113,126
Randy Walliser
Executive Committee
31,542
The Company notes that in line with best practice corporate governance recommendations, given the decline in the Company's share price since the last grant on 21 March 2019, the awards have been reduced in value by 20% when compared with the awards granted in 2019 and that all the awards granted on 3 March 2020 to the executive Directors and the members of the executive committee are wholly performance based.
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 2020 HPSP grant are as follows:
Performance Condition
Proportion
Threshold Vesting
Maximum Vesting
EPS
25%
40 cents
60 cents
ROCE
35%
8.0%
13.0%
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 2022, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2022.
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 311.6 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
653,205 Ordinary Shares
d)
Aggregated information
- Aggregated volume
653,205
- Price
Nil
e)
Date of the transaction
3 March 2020
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 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
182,532 Ordinary Shares
d)
Aggregated information
- Aggregated volume
182,532
- Price
Nil
e)
Date of the transaction
3 March 2020
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 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
246,865 Ordinary Shares
d)
Aggregated information
- Aggregated volume
246,865
- Price
Nil
e)
Date of the transaction
3 March 2020
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 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
122,050 Ordinary Shares
d)
Aggregated information
- Aggregated volume
122,050
- Price
Nil
e)
Date of the transaction
3 March 2020
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 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
140,797 Ordinary Shares
d)
Aggregated information
- Aggregated volume
140,797
- Price
Nil
e)
Date of the transaction
3 March 2020
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 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
91,022 Ordinary Shares
d)
Aggregated information
- Aggregated volume
91,022
- Price
Nil
e)
Date of the transaction
3 March 2020
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 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
113,126 Ordinary Shares
d)
Aggregated information
- Aggregated volume
113,126
- Price
Nil
e)
Date of the transaction
3 March 2020
f)
Place of the transaction
Outside a trading venue
a)
Name
Randy Walliser
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
31,542 Ordinary Shares
d)
Aggregated information
- Aggregated volume
31,542
- Price
Nil
e)
Date of the transaction
3 March 2020
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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