REG - Hunting PLC - Holdings In Company / PDMR Declaration

HuntingAnnouncement

17/09/2018 12:40

RNS Number : 9937A
Hunting PLC
17 September 2018
 


 
For immediate release                                                                                                        17 September 2018
 
Hunting PLC
 
("Hunting" or the "Company")
 
Holdings In Company / PDMR Declaration
 
Holdings in Company
 
Hunting PLC (LSE : HTG) was notified today that Hunting Investments Limited ("HIL") sold 70,000 Ordinary shares in the Company on 14 September 2018. Richard Hunting is a Director of HIL and following this transaction HIL's interest has reduced to 11,003,487 Ordinary Shares in the Company, representing 6.7% of the issued share capital.  The average sale price of these shares was 787.82 pence. The Directors of HIL have indicated to the Company that the sale was to provide liquidity, with no further share sales planned for the foreseeable future.
 
The shares held by HIL are party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014. The total voting rights held by the voting committee under the shareholder agreement, has therefore decreased to 25,382,925 Ordinary shares representing 15.38% of the issued share capital of the Company.
 
The table below details the beneficial holdings of the signatories to the shareholder agreement in relation to Hunting PLC Ordinary shares:
 




 


Beneficial Holding




Hunting Investments Limited (including Huntridge Limited)


11,003,487




Slaley Investments Limited


6,411,679




Hunting Family Trusts


5,970,864




Hunting Family members


1,996,895




Total


25,382,925




 
PDMR Declaration
 
Richard Hunting
 
Richard Hunting is a non executive Director of Hunting PLC and is a connected party in relation to the above share sale. He is also a signatory to the shareholder agreement. Mr Hunting was not part of the decision making process to the above transaction.
 
Richard Hunting's beneficial holding of 466,583 Ordinary shares in Hunting PLC is unchanged representing 0.28% of the current issued share capital of Hunting PLC.
 




1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Richard Hunting




2


Reason for the notification




a)


Position/status


Non-exec 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


Ordinary Shares of 25p each




 


 




Identification code


ISIN:- GB0004478896




 


 




b)


Nature of the transaction


Sale of Ordinary Shares by Hunting Investments Limited




c)


Price(s) and volume(s)


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


787.82 pence


70,000 Ordinary Shares


 




 


 


 


 


 




d)


Aggregated information


 




 


 




- Aggregated volume


70,000




 


 




- Price


787.82 pence




 


 




e)


Date of the transaction


14 September 2018




f)


Place of the transaction


London Stock Exchange




 
For further information please contact:
 




Hunting PLC
Ben Willey, Company Secretary


Tel: +44 (0) 20 7321 0123




 
 
Notes to Editors:
 
About Hunting PLC
 
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, Indonesia, Mexico, Netherlands, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
 
Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.
 




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