Hunting PLC Holdings In Company / PDMR Declaration (9937A)

TIDMHTG

RNS Number : 9937A

Hunting PLC

17 September 2018

For immediate release

17 September 2018

Hunting PLC

("Hunting" or the "Company")

Holdings In Company / PDMR Declaration

Holdings in Company

Hunting PLC (LSE : HTG) was notified today that Hunting Investments Limited ("HIL") sold 70,000 Ordinary shares in the Company on 14 September 2018. Richard Hunting is a Director of HIL and following this transaction HIL's interest has reduced to 11,003,487 Ordinary Shares in the Company, representing 6.7% of the issued share capital. The average sale price of these shares was 787.82 pence. The Directors of HIL have indicated to the Company that the sale was to provide liquidity, with no further share sales planned for the foreseeable future.

The shares held by HIL are party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014. The total voting rights held by the voting committee under the shareholder agreement, has therefore decreased to 25,382,925 Ordinary shares representing 15.38% of the issued share capital of the Company.

The table below details the beneficial holdings of the signatories to the shareholder agreement in relation to Hunting PLC Ordinary shares:

 
                                           Beneficial Holding 
 Hunting Investments Limited (including 
  Huntridge Limited)                               11,003,487 
 Slaley Investments Limited                         6,411,679 
 Hunting Family Trusts                              5,970,864 
 Hunting Family members                             1,996,895 
 Total                                             25,382,925 
 

PDMR Declaration

Richard Hunting

Richard Hunting is a non executive Director of Hunting PLC and is a connected party in relation to the above share sale. He is also a signatory to the shareholder agreement. Mr Hunting was not part of the decision making process to the above transaction.

Richard Hunting's beneficial holding of 466,583 Ordinary shares in Hunting PLC is 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-exec 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 Hunting 
                                             Investments Limited 
      -----------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s) 
                                           ----------------  ------------------- 
                                            Price(s)          Volume(s) 
                                           ----------------  ------------------- 
                                            787.82 pence      70,000 Ordinary 
                                                               Shares 
                                           ----------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                       70,000 
 
  - Price                                   787.82 pence 
 
 e)    Date of the transaction              14 September 2018 
      -----------------------------------  --------------------------------------- 
 f)    Place of the transaction             London Stock Exchange 
      -----------------------------------  --------------------------------------- 
 

For further information please contact:

 
Hunting PLC                     Tel: [phone] 
 Ben Willey, Company Secretary 
 

Notes to Editors:

About Hunting PLC

Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. 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 principal operations in Canada, China, Indonesia, Mexico, Netherlands, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.

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 [e-mail] or visit www.rns.com.

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September 17, 2018 07:38 ET (11:38 GMT)