Hunting PLC Holdings In Company / PDMR Declaration (9937A)
September 17 2018 - 6:38AM
UK Regulatory
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: +44 (0) 20 7321 0123
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 rns@lseg.com or visit www.rns.com.
END
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