RNS Number : 5200A
Hunting PLC
24 March 2017
 

For immediate release

24 March 2017

 

Hunting PLC

 

("Hunting" or the "Company")

 

Holdings In Company / PDMR Declaration

 

Holdings in Company

 

Hunting PLC (LSE : HTG) was notified today that a Hunting Family Trust sold 55,000 Ordinary shares in the Company on 24 March 2017. Richard Hunting is a Trustee of the relevant Hunting Family Trust and following this transaction his interest in the Hunting Family Trusts has reduced to 924,049 Ordinary Shares in the Company, representing 0.56% of the issued share capital.  The average sale price of these shares was 550.05 pence.

 

The shares held by the Hunting Family Trust are party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014.

 

Following this share sale, the total number of shares held by the Hunting Family Trusts, including those of which Mr Hunting is not a Trustee, now totals 5,970,864 Ordinary shares in the Company, representing 3.65% of the issued share capital.

 

The total voting rights held by the voting committee under the shareholder agreement, has therefore decreased to 25,458,715 Ordinary shares representing 15.5% 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)

11,073,487

Slaley Investments Limited

6,411,679

Hunting Family Trusts

5,970,864

Hunting Family members

2,002,685

Total

25,458,715

 

PDMR Declaration

 

Richard Hunting

 

Richard Hunting, Hunting PLC's non-executive Chairman, is a connected party in relation to the above share sale as he is a Trustee of the Hunting Family Trust undertaking the transaction and is also a Director of Hunting Investments Limited. He is also a signatory to the shareholder agreement.

 

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

Chairman

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

Ordinary Shares of 25p each

 

 

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)

 

 

 

550.05 pence

55,000 Ordinary Shares

 

 

 

 

 

 

d)

Aggregated information

 

 

 

- Aggregated volume

55,000

 

 

- Price

550.05 pence

 

 

e)

Date of the transaction

24 March 2017

f)

Place of the transaction

London Stock Exchange

 

For further information please contact:

 

Hunting PLC

Ben Willey, Company Secretary

Tel: +44 (0) 20 7321 0123

 

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 operations in Canada, China, Indonesia, Kenya, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, South Africa, United Arab Emirates and the United States of America.

 

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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