REG - Hunting PLC - Director Shareholding

HuntingAnnouncement

28/02/2020 13:50

RNS Number : 5393E
  
Hunting PLC
  
28 February 2020
  
 




For Immediate Release


 28 February 2020



 
Hunting PLC
 
("Hunting" or "the Company")
 
Directors Shareholding/PDMR
 
Hunting PLC today announces that in line with the shareholder approved Directors' Remuneration Policy, the annual bonus due to the Executive Directors has been paid through a mix of cash and Hunting PLC ordinary shares (shares).
 
Under the Annual Performance-Linked Bonus Plan rules, 25% of the post-tax value of the bonus was delivered at a closing mid-market price on 26 February 2020 of 292.4 pence per share, from market purchased shares held in trust by the Hunting Employee Benefit Trust. 
 
As a result Jim Johnson receives 22,800 shares and Peter Rose receives 8,882 shares. The shares are to be retained for a minimum of two years. The balance of their 2019 annual bonus is payable in cash.
 
 



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 


Delivery of 25% of post-tax value of annual bonus in shares








Price(s) and volume(s)


Price(s)


Volume(s)












292.4 pence


22,800 Ordinary Shares






























Date of the transaction 


27 February 2020




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


Delivery of 25% of post-tax value of annual bonus in shares








Price(s) and volume(s)


Price(s)


Volume(s)












292.4 pence


8,882 Ordinary Shares






























Date of the transaction 


27 February 2020




Place of the transaction 


London












 
For further information please contact:
 



Ben Willey, Company Secretary


020 7321 0123



 


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