RNS Number : 3877L
Hunting PLC
19 April 2024
 

For Immediate Release

                                                                                               19 April 2024

 

Hunting PLC

 

("Hunting" or "the Company")

 

Directors Shareholding/PDMR

 

Hunting PLC today announces the following share awards granted to the executive Directors and members of the Executive Committee on 18 April 2024, under the rules of the 2024 Hunting Performance Share Plan ("HPSP"), which was approved by shareholders at the Annual General Meeting on 17 April 2024.

 

PDMR

Position

Number of Performance based awards granted

Number of Time based awards granted

Jim Johnson

Executive Director

            665,858

              190,245

Bruce Ferguson

Executive Director

                      155,105

                       48,470

Jason Mai

Executive Committee

105,888

70,592

Scott George

Executive Committee

111,943

74,629

Stewart Barrie

Executive Committee

29,028

19,352

Liese Borden

Executive Committee

61,834

41,223

Ryan Elliott

Executive Committee

51,529

34,352

Gregory Farmer

Executive Committee

66,576

44,384

Dane Tipton

Executive Committee

91,315

60,877

Ben Willey

Executive Committee

63,797

42,532

 

The share awards are subject to vesting on the third anniversary of the grant date. The share awards granted to Jim Johnson are 350% performance-based and 100% time-based of annual salary and 160% performance-based and 50% time-based for Bruce Ferguson. 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 2024 HPSP grant are as follows:

 

Performance Condition

Proportion

Threshold Vesting

Maximum Vesting

EPS

15%

50.0 cents

60.0 cents

ROCE

25%

13.5%

15.0%

TSR

30%

Median

Upper Quartile

FCF

15%

$220m

$270m

Strategic 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 2026, while the TSR, FCF and Strategic Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2026. Time-based awards granted to the Executive Directors are subject to an underpin, which will be determined by the Remuneration Committee based on the Committee's assessment of the underlying performance of the business over the performance period against a range of objective factors.

 

The number of shares subject to the award were determined by using the closing middle market price of a Hunting PLC Ordinary share on 17 April 2024, being 355.5 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

856,103 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

 856,103



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

203,575 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

203,575



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

176,480 Ordinary Shares







d)

 

Aggregated information

 

 



- Aggregated volume

176,480



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

186,572 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

186,572



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

48,380 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

48,380



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

103,057  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

103,057 



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

85,881  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

85,881 



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

110,960  Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

110,960 



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

152,192 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

152,192



- Price

Nil



e)

Date of the transaction

18 April 2024

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 /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

106,329 Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

106,329



- Price

Nil



e)

Date of the transaction

18 April 2024

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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