LONDON - Hunting (LON:HTG) PLC, an international energy services provider, disclosed that Stewart Barrie, a member of its executive committee, has acquired 6,000 ordinary shares in the company. The transaction occurred on Monday at a price of 296.5 pence per share on the London Stock Exchange (LON:LSEG).
This purchase has increased Barrie's total beneficial ownership to 56,434 ordinary shares, which represents a 0.03% stake in the company's issued share capital. Hunting PLC, which is listed on the London Stock Exchange under the ticker LSE:HTG, informed the market of this development in an initial notification.
The company's notification, which complies with the market abuse regulation, provides transparency regarding the trading activities of its senior management. Such disclosures are a routine part of corporate governance, ensuring that shareholders and the investing public are kept informed about the dealings of company insiders.
The acquisition by Barrie is a financial activity that might be of interest to investors, as transactions by company insiders can provide insights into their confidence in the firm's prospects. However, these transactions are also personal investment decisions and may not necessarily indicate broader company performance.
Hunting PLC has not provided additional commentary on the transaction or its implications for the company's strategy or operations. The information disclosed is based on a press release statement from the company, and no further details have been made available at this time.
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