| For Immediate Release | 8 March 2021 |
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted on 4 March 2021 under the Hunting Performance Share Plan ("HPSP") to the executive Directors and members of the executive committee.
| PDMR | Position | Number of performance based awards granted |
| Jim Johnson | Executive Director | 757,732 |
| Bruce Ferguson | Executive Director | 172,203 |
| Rick Bradley | Executive Committee | 286,368 |
| Jason Mai | Executive Committee | 141,581 |
| Scott George | Executive Committee | 163,328 |
| Stewart Barrie | Executive Committee | 44,674 |
The Company notes that in line with best practice recommendations and similar to the practice adopted with share awards which were granted in 2020, the above awards have been reduced by 22% from the normal grant factors that apply to the executive Directors and the members of the executive committee. The share awards granted are wholly performance based.
The awards are subject to vesting on the third anniversary of the date of grant.
The performance conditions and targets attached to the performance based awards of the 2021 HPSP grant are as follows:
| Performance Condition | Proportion | Threshold Vesting | Maximum Vesting |
| EPS | 25% | 20 cents | 40 cents |
| ROCE | 35% | 6.0% | 9.0% |
| TSR | 25% | Median | Upper Quartile |
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| Balanced Scorecard |
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| - 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 2023, while the TSR and Balanced Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2023.
The number of shares subject to the award are determined by using the average closing middle market price of a Hunting PLC Ordinary share on the previous five days up to the date of grant, being 261.9 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 | |||
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| Identification code | ISIN:- GB0004478896 | ||||
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| b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
| c) |
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| Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| Nil cost | 757,732 Ordinary Shares |
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| d) |
Aggregated information |
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| - Aggregated volume | 757,732 | ||||
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| - Price | Nil | ||||
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| e) | Date of the transaction | 4 March 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 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 | |||
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| Identification code | ISIN:- GB0004478896 | ||||
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| b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
| c) |
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| Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| Nil cost | 172,203 Ordinary Shares |
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| d) |
Aggregated information |
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| - Aggregated volume | 172,203 | ||||
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| - Price | Nil | ||||
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| e) | Date of the transaction | 4 March 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Rick Bradley | |||
| 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 25p each | |||
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| Identification code | ISIN:- GB0004478896 | ||||
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| b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
| c) |
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| Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| Nil cost | 286,368 Ordinary Shares |
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| d) |
Aggregated information |
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| - Aggregated volume | 286,368 | ||||
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| - Price | Nil | ||||
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| e) | Date of the transaction | 4 March 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 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 | |||
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| ||||
| Identification code | ISIN:- GB0004478896 | ||||
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| b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
| c) |
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| Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| Nil cost | 141,581 Ordinary Shares |
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| d) |
Aggregated information |
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| - Aggregated volume | 141,581 | ||||
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| - Price | Nil | ||||
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| e) | Date of the transaction | 4 March 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 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 | |||
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| Identification code | ISIN:- GB0004478896 | ||||
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| b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
| c) |
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| Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| Nil cost | 163,328 Ordinary Shares |
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| d) |
Aggregated information |
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| - Aggregated volume | 163,328 | ||||
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| - Price | Nil | ||||
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| e) | Date of the transaction | 4 March 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 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 | ||||
|
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| ||||
| b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
| c) |
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| Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| Nil cost | 44,674 Ordinary Shares |
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| d) |
Aggregated information |
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| - Aggregated volume | 44,674 | ||||
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| - Price | Nil | ||||
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| e) | Date of the transaction | 4 March 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
For further information please contact:
| Ben Willey, Company Secretary | 020 7321 0123 |
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