Hunting PLC Payments to Governments year ended 31 Dec 23

RNS Number : 3787L

Hunting PLC

19 April 2024

 

For immediate release

19 April 2024

 

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:

 

Hunting PLC Ben Willey, Company Secretary

Tel: [phone]

 

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.

 

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END

 

 

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