Hunting PLC Director Shareholding / PDMR (9350M)
May 02 2018 - 10:52AM
UK Regulatory
TIDMHTG
RNS Number : 9350M
Hunting PLC
02 May 2018
For Immediate Release 2 May 2018
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces that under the rules of the Hunting
Performance Share Plan ("HPSP"), and following the measurement of
the relevant performance conditions, shares granted to the
executive Directors in 2015 partially vested and were awarded as
follows:
Jim Johnson
On 30 April 2018, Jim Johnson was awarded 24,733 ordinary shares
in the Company. Mr Johnson subsequently sold 9,767 shares to cover
tax liabilities and retained 14,966 ordinary shares. Following
this, Mr Johnson's interest in Hunting PLC ordinary shares totals
66,966 ordinary shares, representing 0.04% of the issued share
capital of the Company.
In accordance with the rules of the HPSP, Mr Johnson also
receives GBP5,010 in cash, representing the accrued dividends paid
by the Company on these shares during the vesting period.
Peter Rose
On 30 April 2018, Peter Rose was awarded 17,234 ordinary shares
in the Company. Mr Rose subsequently sold 8,129 shares to cover tax
liabilities and retained 9,105 ordinary shares. Following this, Mr
Rose's interest in Hunting PLC ordinary shares totals 97,028
ordinary shares, representing 0.06% of the issued share capital of
the Company.
In accordance with the rules of the HPSP, Mr Rose also receives
GBP3,491 in cash, representing the accrued dividends paid by the
Company on these vested shares during the vesting period.
The performance measures of the awards are noted on pages 86 to
87 of the 2017 Annual Report and Accounts. The performance period
was 1 January 2015 to 31 December 2017.
The closing middle market price of a Hunting PLC ordinary share
on the vesting date was 800.75 pence per share.
The average selling price of the above ordinary shares was
799.96 pence.
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 Initial
/Amendment
--- ------------------------------ --------------------------------------------
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
--- ----------------------------------------------------------------------------
TRANSACTION 1
---
Description of Ordinary Shares of 25 pence each
the financial instrument,
type of instrument
---
Identification ISIN:- GB0004478896
code
Nature of the transaction Vesting of share awards over Ordinary
Shares in the Company granted on
28 April 2015, under the rules of
the Hunting Performance Share Plan.
--- ------------------------------ --------------------------------------------
Price(s) and volume(s)
--- ------------------ --------------------
Price(s) Volume(s)
--- ------------------ --------------------
799.96 pence 24,733 Ordinary
Shares
------------------ --------------------
Date of the transaction 30 April 2018
------------------------------ --------------------------------------------
Place of the transaction London
--- ------------------------------ --------------------------------------------
TRANSACTION 2
---
Description of Ordinary Shares of 25 pence each
the financial instrument,
type of instrument
---
Identification ISIN:- GB0004478896
code
Nature of the transaction Sale of Ordinary Shares to cover
tax liabilities
--- ------------------------------ --------------------------------------------
Price(s) and volume(s)
--- ------------------ --------------------
Price(s) Volume(s)
--- ------------------ --------------------
799.96 pence 9,767 Ordinary
Shares
------------------ --------------------
Date of the transaction 1 May 2018
------------------------------ --------------------------------------------
Place of the transaction London
--- ------------------------------ --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------------
a) Name Peter Rose
--- ------------------------------ --------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------------
a) Position/status Finance Director
--- ------------------------------ --------------------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------------ --------------------------------------------
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
--- ----------------------------------------------------------------------------
TRANSACTION 1
---
Description of Ordinary Shares of 25 pence each
the financial instrument,
type of instrument
---
Identification ISIN:- GB0004478896
code
Nature of the transaction Vesting of share awards over Ordinary
Shares in the Company granted on
28 April 2015, under the rules of
the Hunting Performance Share Plan.
--- ------------------------------ --------------------------------------------
Price(s) and volume(s)
--- ------------------ --------------------
Price(s) Volume(s)
--- ------------------ --------------------
799.96 pence 17,234 Ordinary
Shares
------------------ --------------------
Date of the transaction 30 April 2018
------------------------------ --------------------------------------------
Place of the transaction London
--- ------------------------------ --------------------------------------------
TRANSACTION 2
---
Description of Ordinary Shares of 25 pence each
the financial instrument,
type of instrument
---
Identification ISIN:- GB0004478896
code
Nature of the transaction Sale of Ordinary Shares to cover
tax liabilities
--- ------------------------------ --------------------------------------------
Price(s) and volume(s)
--- ------------------ --------------------
Price(s) Volume(s)
--- ------------------ --------------------
799.96 pence 8,129 Ordinary
Shares
------------------ --------------------
Date of the transaction 1 May 2018
------------------------------ --------------------------------------------
Place of the transaction London
--- ------------------------------ --------------------------------------------
For further information please contact:
Ben Willey, Company Secretary 020 7321 0123
This information is provided by RNS
The company news service from the London Stock Exchange
END
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