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For immediate release
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19 April 2024
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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:
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Hunting PLC
Ben Willey, Company
Secretary
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Tel: +44 (0) 20 7321
0123
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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.
