REG - Hunting PLC - Directors Shareholding/PDMR
RNS Number : 5291RHunting PLC08 March 2021
For Immediate Release
8 March 2021
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted on 4 March 2021 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
757,732
Bruce Ferguson
Executive Director
172,203
Rick Bradley
Executive Committee
286,368
Jason Mai
Executive Committee
141,581
Scott George
Executive Committee
163,328
Stewart Barrie
Executive Committee
44,674
The Company notes that in line with best practice recommendations and similar to the practice adopted with share awards which were granted in 2020, the above awards have been reduced by 22% from the normal grant factors that apply to the executive Directors and the members of the executive committee. The share awards granted 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 2021 HPSP grant are as follows:
Performance Condition
Proportion
Threshold Vesting
Maximum Vesting
EPS
25%
20 cents
40 cents
ROCE
35%
6.0%
9.0%
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 2023, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2023.
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 up to the date of grant, being 261.9 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
757,732 Ordinary Shares
d)
Aggregated information
- Aggregated volume
757,732
- Price
Nil
e)
Date of the transaction
4 March 2021
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
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
172,203 Ordinary Shares
d)
Aggregated information
- Aggregated volume
172,203
- Price
Nil
e)
Date of the transaction
4 March 2021
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
286,368 Ordinary Shares
d)
Aggregated information
- Aggregated volume
286,368
- Price
Nil
e)
Date of the transaction
4 March 2021
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
141,581 Ordinary Shares
d)
Aggregated information
- Aggregated volume
141,581
- Price
Nil
e)
Date of the transaction
4 March 2021
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
163,328 Ordinary Shares
d)
Aggregated information
- Aggregated volume
163,328
- Price
Nil
e)
Date of the transaction
4 March 2021
f)
Place of the transaction
Outside a trading venue
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
44,674 Ordinary Shares
d)
Aggregated information
- Aggregated volume
44,674
- Price
Nil
e)
Date of the transaction
4 March 2021
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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