TIDMHTG
RNS Number : 4880S
Hunting PLC
09 March 2023
For Immediate Release 9 March 2023
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted
on 6 March 2023 under the Hunting Performance Share Plan ("HPSP")
to the executive Directors and members of the Executive
Committee.
Number of
performance
based awards
PDMR Position granted
Jim Johnson Executive Director 994,687
--------------------- -----------------------------
Bruce Ferguson Executive Director 236,529
--------------------- -----------------------------
Jason Mai Executive Committee 211,883
--------------------- -----------------------------
Scott George Executive Committee 224,000
--------------------- -----------------------------
Stewart Barrie Executive Committee 58,085
--------------------- -----------------------------
Liese Borden Executive Committee 123,732
--------------------- -----------------------------
Ryan Elliott Executive Committee 103,110
--------------------- -----------------------------
Gregory Farmer Executive Committee 133,219
--------------------- -----------------------------
Dane Tipton Executive Committee 181,000
--------------------- -----------------------------
Ben Willey Executive Committee 127,660
--------------------- -----------------------------
The share awards are subject to vesting on the third anniversary
of the date of grant. The share awards granted to the executive
Directors are wholly performance-based. The awards granted the
other members of the Executive Committee are 60% performance-based
and 40% time-based.
This year, the performance conditions and targets attached to
the performance-based awards of the 2023 HPSP grant includes a free
cash flow metric ("FCF"), as follows:
Threshold
Performance Condition Proportion Vesting Maximum Vesting
EPS 20% 16.6 cents 24.9 cents
----------- ----------- ----------------
ROCE 25% 4.0% 8.0%
----------- ----------- ----------------
TSR 20% Median Upper Quartile
----------- ----------- ----------------
FCF 20% $115m $172m
----------- ----------- ----------------
Balanced Scorecard
----------- ----------- ----------------
* Safety 7.5% 2.00 <1.00
----------- ----------- ----------------
* Quality Assurance 7.5% 0.8 0.5
----------- ----------- ----------------
The EPS and ROCE performance conditions will be measured against
the financial performance of the Company for the year ended 31
December 2025, while the TSR, FCF and Balanced Scorecard
performance conditions will be measured based on data for the three
year performance period ended 31 December 2025.
The number of shares subject to the award are determined by
using the average closing middle market price of a Hunting PLC
Ordinary share on 3 March 2023, being 282.0 pence per share.
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 notification
/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
--------------------------------------------------------------------------------
a) Description of the financial Awards over Ordinary Shares of 25 pence
instrument, type of each
instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Awards over Ordinary
Shares under the rules of the Hunting
Performance Share Plan (HPSP)
---------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------- --------------------------
Nil cost 994,687 Ordinary
Shares
-------------- --------------------------
d)
Aggregated information
- Aggregated volume 994,687
- Price Nil
e) Date of the transaction 6 March 2023
---------------------------------- --------------------------------------------
f) Place of the transaction London
---------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Bruce Ferguson
---------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Finance Director
---------------------------------- --------------------------------------------
b) Initial notification Initial notification
/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
--------------------------------------------------------------------------------
a) Description of the financial Awards over Ordinary Shares of 25 pence
instrument, type of each
instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary
Shares under the rules of the Hunting
Performance Share Plan (HPSP)
---------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------- --------------------------
Nil cost 236,529 Ordinary
Shares
-------------- --------------------------
d)
Aggregated information
- Aggregated volume 236,529
- Price Nil
e) Date of the transaction 6 March 2023
---------------------------------- --------------------------------------------
f) Place of the transaction London
---------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jason Mai
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Awards over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 211,883 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 211,883
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Scott George
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Awards over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 224,000 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 224,000
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stewart Barrie
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 58,085 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 58,085
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
-----------------------------------------------------------------------------------
a) Name Liese Borden
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 123,732 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 123,732
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ryan Elliott
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 103,110 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 103,110
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gregory Farmer
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 133,219 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 133,219
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dane Tipton
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 181,000 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 181,000
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ben Willey
--------------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Executive Committee Member
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/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
-----------------------------------------------------------------------------------
a) Description of the Awards over Ordinary Shares of 25 pence
financial instrument, each
type of instrument
Identification code ISIN:- GB0004478896
b) Nature of the transaction Grant of Share Options over Ordinary Shares
under the rules of the Hunting Performance
Share Plan (HPSP)
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- -----------------------------
Nil cost 127,660 Ordinary
Shares
--------------- -----------------------------
d)
Aggregated information
- Aggregated volume 127,660
- Price Nil
e) Date of the transaction 6 March 2023
--------------------------------- ------------------------------------------------
f) Place of the transaction London
--------------------------------- ------------------------------------------------
For further information please contact:
Ben Willey, Company Secretary 020 7321 0123
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END
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