REG - Hunting PLC - Payments to Governments year ended 31 Dec 23

HuntingAnnouncement

19/04/2024 16:15

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RNS Number : 3787L  Hunting PLC  19 April 2024

 For immediate release
                        19 April 2024

 

Hunting PLC

 

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

 

Report on Payments to Governments

for the year ended 31 December 2023

 

Hunting PLC (LSE : HTG), the precision engineering group, today provides
information in accordance with DTR 4.3A in respect of payments made by the
Company to governments for the year ended 31 December 2023 and in compliance
with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209) as
amended by the Reports on Payments to Governments Regulations 2015
(2015/1928).

 

During 2023, total Payments to Governments were $875,964 in respect of 11
operating oil and gas fields held by the Group. As recently announced, Hunting
completed the sale of all but one of its exploration and production assets.

 

Following the disposal of the Company's exploration and production assets,
which were held by Hunting's wholly owned subsidiary, Tenkay Resources, Inc.
in 2023, the Group no longer makes any material payments to Governments and
Payments to Governments are now below the threshold required by the
legislation.

 

Following these disposals Hunting will not be reporting on Payments to
Governments unless we reach the required threshold at some point in the
future.

 

 

For further information please contact:

 

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

 Ben Willey, Company Secretary

 

Notes to Editors:

 

About Hunting PLC

 

Hunting is a global engineering group that provides precision-engineered
equipment and premium services, which add value for our customers. 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
operations in China, Indonesia, Mexico, Netherlands, Norway, 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.

 

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.

 

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