REG - Hunting PLC - Directors Shareholding/PDMR
19/04/2024 16:15
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RNS Number : 3877L Hunting PLC 19 April 2024
For Immediate Release
19 April 2024
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted to the
executive Directors and members of the Executive Committee on 18 April 2024,
under the rules of the 2024 Hunting Performance Share Plan ("HPSP"), which was
approved by shareholders at the Annual General Meeting on 17 April 2024.
PDMR Position Number of Performance based awards granted Number of Time based awards granted
Jim Johnson Executive Director 665,858 190,245
Bruce Ferguson Executive Director 155,105 48,470
Jason Mai Executive Committee 105,888 70,592
Scott George Executive Committee 111,943 74,629
Stewart Barrie Executive Committee 29,028 19,352
Liese Borden Executive Committee 61,834 41,223
Ryan Elliott Executive Committee 51,529 34,352
Gregory Farmer Executive Committee 66,576 44,384
Dane Tipton Executive Committee 91,315 60,877
Ben Willey Executive Committee 63,797 42,532
The share awards are subject to vesting on the third anniversary of the grant
date. The share awards granted to Jim Johnson are 350% performance-based and
100% time-based of annual salary and 160% performance-based and 50% time-based
for Bruce Ferguson. 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 2024 HPSP grant are as follows:
Performance Condition Proportion Threshold Vesting Maximum Vesting
EPS 15% 50.0 cents 60.0 cents
ROCE 25% 13.5% 15.0%
TSR 30% Median Upper Quartile
FCF 15% $220m $270m
Strategic 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 2026, while the TSR,
FCF and Strategic Scorecard performance conditions will be measured based on
data for the three year performance period ended 31 December 2026. Time-based
awards granted to the Executive Directors are subject to an underpin, which
will be determined by the Remuneration Committee based on the Committee's
assessment of the underlying performance of the business over the performance
period against a range of objective factors.
The number of shares subject to the award were determined by using the closing
middle market price of a Hunting PLC Ordinary share on 17 April 2024, being
355.5 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 856,103 Ordinary Shares
d)
Aggregated information
- Aggregated volume 856,103
- Price Nil
e) Date of the transaction 18 April 2024
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 203,575 Ordinary Shares
d)
Aggregated information
- Aggregated volume 203,575
- Price Nil
e) Date of the transaction 18 April 2024
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 176,480 Ordinary Shares
d)
Aggregated information
- Aggregated volume 176,480
- Price Nil
e) Date of the transaction 18 April 2024
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 186,572 Ordinary Shares
d)
Aggregated information
- Aggregated volume 186,572
- Price Nil
e) Date of the transaction 18 April 2024
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 48,380 Ordinary Shares
d)
Aggregated information
- Aggregated volume 48,380
- Price Nil
e) Date of the transaction 18 April 2024
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 103,057 Ordinary Shares
d)
Aggregated information
- Aggregated volume 103,057
- Price Nil
e) Date of the transaction 18 April 2024
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 85,881 Ordinary Shares
d)
Aggregated information
- Aggregated volume 85,881
- Price Nil
e) Date of the transaction 18 April 2024
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 110,960 Ordinary Shares
d)
Aggregated information
- Aggregated volume 110,960
- Price Nil
e) Date of the transaction 18 April 2024
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 152,192 Ordinary Shares
d)
Aggregated information
- Aggregated volume 152,192
- Price Nil
e) Date of the transaction 18 April 2024
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 106,329 Ordinary Shares
d)
Aggregated information
- Aggregated volume 106,329
- Price Nil
e) Date of the transaction 18 April 2024
f) Place of the transaction London
For further information please contact:
Ben Willey, Company Secretary 020 7321 0123
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