Hunting : Director / PDMR Shareholding

RNS Number : 3152F

Hunting PLC

06 March 2020

For Immediate Release

6 March 2020

Hunting PLC

('Hunting' or 'the Company')

Directors Shareholding/PDMR

Hunting PLC today announces the following share awards granted on 3 March 2020 under the Hunting Performance Share Plan ('HPSP') to the executive Directors and members of the executive committee.

PDMR	Position	Number of performance based awards granted
Jim Johnson	Executive Director	653,205
Peter Rose	Executive Director	182,532
Rick Bradley	Executive Committee	246,865
Jason Mai	Executive Committee	122,050
Scott George	Executive Committee	140,797
Bruce Ferguson	Executive Committee	91,022
Daniel Tan	Executive Committee	113,126
Randy Walliser	Executive Committee	31,542

The Company notes that in line with best practice corporate governance recommendations, given the decline in the Company's share price since the last grant on 21 March 2019, the awards have been reduced in value by 20% when compared with the awards granted in 2019 and that all the awards granted on 3 March 2020 to the executive Directors and the members of the executive committee are wholly performance based.

The awards are subject to vesting on the third anniversary of the date of grant.

The performance conditions and targets attached to the performance based awards of the 2020 HPSP grant are as follows:

Performance Condition	Proportion	Threshold Vesting	Maximum Vesting
EPS	25%	40 cents	60 cents
ROCE	35%	8.0%	13.0%
TSR	25%	Median	Upper Quartile
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 2022, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2022.

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 the previous five days to the date of grant, being 311.6 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 /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	653,205 Ordinary Shares
d)	Aggregated information
- Aggregated volume	653,205
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

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 /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	182,532 Ordinary Shares
d)	Aggregated information
- Aggregated volume	182,532
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rick Bradley
2	Reason for the notification
a)	Position/status	Executive Committee Member
b)	Initial notification /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25p each
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	246,865 Ordinary Shares
d)	Aggregated information
- Aggregated volume	246,865
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

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 /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	122,050 Ordinary Shares
d)	Aggregated information
- Aggregated volume	122,050
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

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 /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	140,797 Ordinary Shares
d)	Aggregated information
- Aggregated volume	140,797
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bruce Ferguson
2	Reason for the notification
a)	Position/status	Executive Committee Member
b)	Initial notification /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	91,022 Ordinary Shares
d)	Aggregated information
- Aggregated volume	91,022
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Tan
2	Reason for the notification
a)	Position/status	Executive Committee Member
b)	Initial notification /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	113,126 Ordinary Shares
d)	Aggregated information
- Aggregated volume	113,126
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

a)	Name	Randy Walliser
2	Reason for the notification
a)	Position/status	Executive Committee Member
b)	Initial notification /Amendment	Initial notification
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 instrument, type of instrument	Awards over Ordinary Shares of 25 pence each
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	31,542 Ordinary Shares
d)	Aggregated information
- Aggregated volume	31,542
- Price	Nil
e)	Date of the transaction	3 March 2020
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Ben Willey, Company Secretary

020 7321 0123

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