TIDMHTG

RNS Number : 4256R

Hunting PLC

30 June 2020

 
 For immediate release   30 June 2020 
 

Hunting PLC

("Hunting" or the "Company")

PDMR Declaration

PDMR Declaration

Hunting PLC (LSE : HTG) was notified on 29 June 2020 of certain transactions by a Hunting Family Trust (the "Trust"), in respect of its holding in the Company's Ordinary shares, to which Richard Hunting, non-executive Director, is a Trustee.

Transaction 1

On Friday 26 June 2020, the Trust sold 18,000 Ordinary shares at an average price of 216.4 pence per share, to satisfy certain tax liabilities. Following this transaction the Trust held 835,089 Ordinary shares in the Company, representing 0.51% of the issued share capital.

Transaction 2

Following transaction 1 the Trust transferred 692,823 Ordinary shares to individual members of the Hunting Family, reducing the balance of Hunting PLC Ordinary shares held by the Trust to 142,266, representing 0.09% of the issued share capital.

The Trust undertaking these transactions is party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014.

Richard Hunting is a connected party in relation to these transactions, given his status as a Trustee. Mr Hunting was not party to the final decision to undertake these transactions, given his Directorship of Hunting PLC.

Richard Hunting's non-beneficial holding in Hunting PLC Ordinary shares following these transactions is 11,198,447 Ordinary shares comprising of 194,960 Ordinary shares in his capacity as a Trustee and 11,003,487 Ordinary shares as a Director of Hunting Investments Limited, representing 6.79% of the current issued share capital of Hunting PLC.

Richard Hunting's beneficial holding of 468,133 Ordinary shares in Hunting PLC remains unchanged, representing 0.28% of the current issued share capital of Hunting PLC.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Richard Hunting 
      -----------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                      Non-executive 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         Ordinary Shares of 25p each 
        instrument, type of instrument 
 
       Identification code                  ISIN:- GB0004478896 
 
 b)    Nature of the transaction            Sale of Ordinary Shares by a Hunting 
                                             Family Trust. 
      -----------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                           -----------------  -------------------- 
                                            Price(s)           Volume(s) 
                                           -----------------  -------------------- 
                                            216.4 pence        18,000 Ordinary 
                                                                Shares 
                                           -----------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                       18,000 
 
  - Price                                   216.4 pence 
 
 e)    Date of the transaction              26 June 2020 
      -----------------------------------  ----------------------------------------- 
 f)    Place of the transaction             London Stock Exchange 
      -----------------------------------  ----------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Richard Hunting 
      ------------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                       Non-executive 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          Ordinary Shares of 25p each 
        instrument, type of instrument 
 
       Identification code                   ISIN:- GB0004478896 
 
 b)    Nature of the transaction             Transfer of Ordinary Shares from a 
                                              Hunting Family Trust. 
      ------------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s) 
                                            -------------  ---------------------- 
                                             Price(s)       Volume(s) 
                                            -------------  ---------------------- 
                                             N/A            692,823 Ordinary 
                                                             Shares 
                                            -------------  ---------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                        692,823 
 
  - Price                                    N/A 
 
 e)    Date of the transaction               26 June 2020 
      ------------------------------------  --------------------------------------- 
 f)    Place of the transaction              London Stock Exchange 
      ------------------------------------  --------------------------------------- 
 

For further information please contact:

 
Hunting PLC                     Tel: +44 (0) 20 7321 0123 
 Ben Willey, Company Secretary 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 30, 2020 05:00 ET (09:00 GMT)

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