Business
Extension of Share Buyback Programme
Hunting PLC is extending its existing share buyback programme by up to an additional $20 million, bringing the total potential allocation to $60 million. This decision is driven by the company's sustainable cash generation and strong balance sheet, following consultations with major shareholders. The maximum number of ordinary shares that can be repurchased remains 24,724,518, and all repurchased shares will be cancelled to reduce share capital. The programme is subject to market conditions and shareholder authority. Disclaimer*
About this update from Hunting Plc
[{"type":"text","content":"\n\nThis announcement contains inside information\n \nFor Immediate Release 16 December 2025\n \n\n\nHunting PLC\n \n(\"Hunting\" or \"the Company\" or \"the Group\")\n \nExtension of Share Buyback Programme by up to $20 million\n \nSustainable cash generation and strong balance sheet allows for further capital distribution\n \nHunting PLC (LSE: HTG), the precision engineering group, today announces its intention to extend its current share buyback programme.\n \nThe $40 million share buyback programme, (the \"Programme\") announced on 28 August 2025, in respect of its Ordinary shares of 25 pence each (\"Ordinary Shares\"), is to be extended by up to a further $20 million, resulting in a total maximum aggregate consideration of up to $60 million being allocated to the Programme.\n \nThe Programme is being extended in light of the Group's sustainable cash generation and strong balance sheet and follows further consultation with major shareholders since the rebalanced capital allocation priorities were announced on 9 July 2025.\n \nThe maximum number of Ordinary Shares which can be repurchased under the Programme remains 24,724,518. The Programme will be conducted at all times within the limits of the applicable authority granted by shareholders at the Company's 2025 Annual General Meeting to purchase the Company's Ordinary shares. Purchases of Ordinary Shares will continue independently of and uninfluenced by the Company during any closed period to which the Company is subject and/or if the Company comes into possession of inside information. The Programme is subject to market conditions and there is no guarantee that the Programme will be implemented in full.\n \nThe sole purpose of the Programme is to reduce the share capital of the Company. As such, all Ordinary Shares purchased under the Programme will be cancelled.\n \nHunting will continue to announce any purchase of Ordinary Shares under the Programme in accordance with the relevant notification ...