Hunting PLC (LSE : HTG) was notified today that two Hunting Family Trusts have sold a total of 31,381 Ordinary shares in the Company on 20 November 2019. The average price of the share sale was 402.45p per Ordinary share.
The Trusts undertaking the transaction are party to the shareholder agreement signed by various Hunting Family Interests on 22 September 2014.
Following this transaction, the total voting rights subject to the shareholder agreement, is 25,358,884 Ordinary shares representing 15.19% of the issued share capital of the Company.
Richard Hunting is a Trustee of one of the Family Trusts undertaking the transaction and the required PDMR reporting obligations are noted below.
Richard Hunting, a non-executive Director of Hunting PLC, is a connected party in relation to the sale of 18,266 Ordinary shares.
Richard Hunting's non-beneficial holding in Hunting PLC following this transaction is 11,909,270 Ordinary shares comprising of 905,783 Ordinary shares in his capacity as a Trustee and 11,003,487 Ordinary shares as a Director of Hunting Investments Limited, representing 7.13% of the current issued share capital of Hunting PLC.
Richard Hunting's beneficial holding of 468,133 Ordinary shares in Hunting PLC remains unchanged, representing 0.28% of the current issued share capital of Hunting PLC.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Ordinary Shares of 25p each
Nature of the transaction
Sale of Ordinary Shares by a Hunting Family Trust.
Price(s) and volume(s)
18,266 Ordinary Shares
- Aggregated volume
Date of the transaction
20 November 2019
Place of the transaction
London Stock Exchange
For further information please contact:
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, Mexico, Netherlands, Norway, 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 [email protected] or visit www.rns.com.
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