Extension of Share Buyback Programme

Hunting

16/12/2025 07:00

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
Jim Johnson, Chief Executive
Bruce Ferguson, Finance Director
Tel: +44 (0) 20 7321 0123
Sodali & Co
James White
Pete Lambie
Tilly Abraham
Tel: +44 (0) 77 4840 4399

 

or

 

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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