Hunting PLC (HTG), the international energy services company, has disclosed the repurchase of 74,000 ordinary shares of 25 pence each during the week of 19 to 23 October 2026 as part of its ongoing share buyback programme. The purchases were executed through broker Canaccord Genuity Limited on the London Stock Exchange, with a volume weighted average price of 404.20 pence per share across the period. All purchased shares are to be cancelled, reducing the total number of ordinary shares in issue and voting rights to 151,411,623. The programme was originally announced on 17 March 2026, and investors may be watching the pace of buybacks as a signal of the board's confidence in the company's financial position.

Key Points

  • Hunting PLC (HTG) — international energy services group listed on the London Stock Exchange
  • 74,000 ordinary shares repurchased between 19 and 23 October 2026 via Canaccord Genuity Limited under the buyback programme announced 17 March 2026
  • Volume weighted average price across the full period was 404.20 pence; daily VWAPs ranged from 398.32 pence to 409.50 pence
  • Following cancellation, total shares in issue and voting rights will stand at 151,411,623 — a figure shareholders must use for FCA disclosure calculations

Daily Buyback Prices and Volumes Across the Five-Day Trading Period

Hunting PLC repurchased 15,000 shares on each of 19, 20, 21 and 23 October 2026, and 14,000 shares on 22 October 2026, bringing the weekly total to 74,000 ordinary shares. The volume weighted average prices paid on each day were 407.78 pence, 404.92 pence, 409.50 pence, 398.32 pence and 400.10 pence respectively. The highest single price paid during the period was 409.50 pence on 21 October, while the lowest was 389.50 pence, recorded on 22 October. All transactions were executed on the London Stock Exchange under venue code XLON.

Shares to Be Cancelled, Cutting Hunting's Issued Share Capital to 151,411,623

The company has confirmed its intention to cancel all 74,000 repurchased ordinary shares rather than hold them in treasury. Following that cancellation, Hunting PLC's total number of ordinary shares in issue will be 151,411,623, which simultaneously represents the total number of voting rights in the company. This figure is materially significant under the FCA's Disclosure Guidance and Transparency Rules, as it forms the denominator shareholders and other persons with notification obligations must use when calculating whether a change in their interest triggers a disclosure requirement.

Buyback Programme Launched in March 2026 and Executed Through Canaccord Genuity

The buyback programme underpinning these transactions was first announced by Hunting PLC on 17 March 2026. Canaccord Genuity Limited acts as the company's broker and has been conducting the market purchases on Hunting's behalf in compliance with Article 5(1)(b) of Regulation (EU) No 596/2014 as applied in the United Kingdom under the Market Abuse Regulation. The disclosure of both aggregate and individual trade data reflects the transparency obligations attached to such programmes, providing shareholders with a complete record of each transaction executed during the reporting period.

What the Reduced Share Count Means for Hunting Shareholders' Notification Obligations

With voting rights falling to 151,411,623 following cancellation, any shareholder or notifiable person whose proportionate interest in Hunting PLC crosses a relevant threshold under the FCA's Disclosure Guidance and Transparency Rules will need to reassess their position using this updated denominator. Share cancellations resulting from buyback programmes incrementally increase the percentage stake held by remaining investors without any action on their part, which can occasionally move holdings across notification thresholds. Investors with interests close to the relevant FCA reporting levels may wish to review their positions in light of this updated figure.