REG - Hunting PLC - Extension of Share Buyback Programme

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RNS Number : 7371L  Hunting PLC  16 December 2025

This announcement contains inside information

 

For Immediate Release
 
    16 December 2025

 

Hunting PLC

 

("Hunting" or "the Company" or "the Group")

 

Extension of Share Buyback Programme by up to $20 million

 

Sustainable cash generation and strong balance sheet allows for further
capital distribution

 

Hunting PLC (LSE: HTG), the precision engineering group, today announces its
intention to extend its current share buyback programme.

 

The $40 million share buyback programme, (the "Programme") announced on 28
August 2025, in respect of its Ordinary shares of 25 pence each ("Ordinary
Shares"), is to be extended by up to a further $20 million, resulting in a
total maximum aggregate consideration of up to $60 million being allocated to
the Programme.

 

The Programme is being extended in light of the Group's sustainable cash
generation and strong balance sheet and follows further consultation with
major shareholders since the rebalanced capital allocation priorities were
announced on 9 July 2025.

 

The maximum number of Ordinary Shares which can be repurchased under the
Programme remains 24,724,518. The Programme will be conducted at all times
within the limits of the applicable authority granted by shareholders at the
Company's 2025 Annual General Meeting to purchase the Company's Ordinary
shares. Purchases of Ordinary Shares will continue independently of and
uninfluenced by the Company during any closed period to which the Company is
subject and/or if the Company comes into possession of inside information. The
Programme is subject to market conditions and there is no guarantee that the
Programme will be implemented in full.

 

The sole purpose of the Programme is to reduce the share capital of the
Company. As such, all Ordinary Shares purchased under the Programme will be
cancelled.

 

Hunting will continue to announce any purchase of Ordinary Shares under the
Programme in accordance with the relevant notification requirements set out in
the UK Listing Rules.

 

For further information please contact:

 

 Hunting PLC                        Tel: +44 (0) 20 7321 0123

 Jim Johnson, Chief Executive

 Bruce Ferguson, Finance Director

 Sodali & Co                        Tel: +44 (0) 77 4840 4399

 James White

 Pete Lambie

 Tilly Abraham

 

or

 

lon.IR@hunting-intl.com (mailto:lon.IR@hunting-intl.com)

 

About Hunting PLC

 

Hunting is a global, precision engineering group that provides
precision-manufactured equipment and premium services, which add value for our
customers. Established in 1874, it is a listed public company, quoted on the
London Stock Exchange in the Equity Shares in Commercial Companies ("ESCC")
category. The Company maintains a corporate office in Houston and is
headquartered in London. As well as the United Kingdom, the Company has
operations in China, India, Indonesia, Mexico, Netherlands, Saudi Arabia,
Singapore, United Arab Emirates and the United States of America.

 

The Group reports in US dollars across five operating segments: Hunting Titan;
North America; Subsea Technologies; Europe, Middle East and Africa ("EMEA");
and Asia Pacific.

 

The Group also reports revenue and EBITDA financial metrics based on five
product groups: OCTG; Perforating Systems; Subsea; Advanced Manufacturing; and
Other Manufacturing.

 

Hunting's Legal Entity Identifier is 2138008S5FL78ITZRN66

 

Inside information

 

The information contained within this announcement is considered by Hunting to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No.596/2014 (as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018). On the publication of this announcement
via a Regulatory Information Service, such information is now considered to be
in the public domain.

 

The person responsible for arranging the release of this announcement on
behalf of Hunting is Ben Willey, Company Secretary.

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