REG - Hunting PLC - Directors Shareholding/PDMR
09/03/2023 15:45
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RNS Number : 4880S Hunting PLC 09 March 2023
For Immediate Release
9 March 2023
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted on 6 March 2023
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 994,687
Bruce Ferguson Executive Director 236,529
Jason Mai Executive Committee 211,883
Scott George Executive Committee 224,000
Stewart Barrie Executive Committee 58,085
Liese Borden Executive Committee 123,732
Ryan Elliott Executive Committee 103,110
Gregory Farmer Executive Committee 133,219
Dane Tipton Executive Committee 181,000
Ben Willey Executive Committee 127,660
The share awards are subject to vesting on the third anniversary of the date
of grant. The share awards granted to the executive Directors 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 2023 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 2025, while the TSR,
FCF and Balanced Scorecard performance conditions will be measured based on
data for the three year performance period ended 31 December 2025.
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 2023,
being 282.0 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 994,687 Ordinary Shares
d)
Aggregated information
- Aggregated volume 994,687
- Price Nil
e) Date of the transaction 6 March 2023
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 236,529 Ordinary Shares
d)
Aggregated information
- Aggregated volume 236,529
- Price Nil
e) Date of the transaction 6 March 2023
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 211,883 Ordinary Shares
d)
Aggregated information
- Aggregated volume 211,883
- Price Nil
e) Date of the transaction 6 March 2023
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 224,000 Ordinary Shares
d)
Aggregated information
- Aggregated volume 224,000
- Price Nil
e) Date of the transaction 6 March 2023
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 58,085 Ordinary Shares
d)
Aggregated information
- Aggregated volume 58,085
- Price Nil
e) Date of the transaction 6 March 2023
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 123,732 Ordinary Shares
d)
Aggregated information
- Aggregated volume 123,732
- Price Nil
e) Date of the transaction 6 March 2023
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 103,110 Ordinary Shares
d)
Aggregated information
- Aggregated volume 103,110
- Price Nil
e) Date of the transaction 6 March 2023
f) Place of the transaction London
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 133,219 Ordinary Shares
d)
Aggregated information
- Aggregated volume 133,219
- Price Nil
e) Date of the transaction 6 March 2023
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dane Tipton
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 181,000 Ordinary Shares
d)
Aggregated information
- Aggregated volume 181,000
- Price Nil
e) Date of the transaction 6 March 2023
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 127,660 Ordinary Shares
d)
Aggregated information
- Aggregated volume 127,660
- Price Nil
e) Date of the transaction 6 March 2023
f) Place of the transaction London
For further information please contact:
Ben Willey, Company Secretary 020 7321 0123
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