Hunting PLC Director/PDMR Shareholding (6408Y)

TIDMHTG

RNS Number : 6408Y

Hunting PLC

06 March 2017

 
For Immediate Release  6 March 2017 
 

Hunting PLC

("Hunting" or "the Company")

Directors Shareholding/PDMR

Hunting PLC today announces the following share awards granted under the Hunting Performance Share Plan ("HPSP") to the executive Directors of the Company.

Dennis Proctor

On 3 March 2017, under the rules of the HPSP, Dennis Proctor was granted a conditional award at nil cost, to acquire 523,733 shares in the capital of the Company.

Peter Rose

On 3 March 2017, under the rules of the HPSP, Peter Rose was granted conditional options at nil cost, to acquire 115,889 shares in the capital of the Company.

These awards will vest on the third anniversary of the date of grant subject to performance conditions, in respect of TSR, EPS and ROCE.

The number of shares subject to the award are determined by using the closing middle market price of a Hunting PLC Ordinary share on the day prior to the date of grant, being 540p per share.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------------------------- 
 a)   Name                              Dennis Proctor 
---  --------------------------------  --------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------------- 
 a)   Position/status                   Chief Executive 
---  --------------------------------  --------------------------------------------- 
 b)   Initial notification              Initial notification 
       /Amendment 
---  --------------------------------  --------------------------------------------- 
 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                    Awards over Ordinary Shares of 
       the financial instrument,         25p each 
       type of instrument 
--- 
 
      Identification                    ISIN:- GB0004478896 
       code 
 
 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         523,733 Ordinary 
                                                            Shares 
                                         ---------------  ------------------------ 
 
 d)   Aggregated information 
--- 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction           3 March 2017 
---  --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          London 
---  --------------------------------  --------------------------------------------- 
 
 
 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              Initial notification 
       /Amendment 
---  --------------------------------  --------------------------------------------- 
 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                    Awards over Ordinary Shares of 
       the financial instrument,         25p each 
       type of instrument 
--- 
 
      Identification                    ISIN:- GB0004478896 
       code 
 
 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         115,889 Ordinary 
                                                            Shares 
                                         ---------------  ------------------------ 
 
 d)   Aggregated information 
--- 
 
      - Aggregated volume 
 
      - Price 
 
 e)   Date of the transaction           3 March 2017 
---  --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          London 
---  --------------------------------  --------------------------------------------- 
 

For further information please contact:

 
Ben Willey, Company Secretary   020 7321 0123 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 06, 2017 08:53 ET (13:53 GMT)