REG - Hunting PLC - Director Shareholding/PDMR Transactions
07/03/2022 16:00
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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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