13th Mar 2014 12:15
LONDON (Alliance News) - Hunting PLC Thursday said Chief Executive Dennis Proctor exercised and retained 309,705 share options at an exercise price of 116.9 pence per share under its executive share option plan Tuesday.
The company also said Proctor was awarded and subsequently sold 220,272 nil-cost shares at a price of 878.5p per share under its long-term incentive plan, to fund the exercise costs and tax liabilities arising from the share transactions.
Proctor now holds 1.6 million shares, equating to 1.1% of the share capital.
Shares in the oil and gas company were trading down 2.3% at 837.00p Thursday midday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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