Hunting PLC (HTG), the international energy services company, has disclosed the repurchase of 80,000 ordinary shares of 25 pence each during the week of 2 to 6 November 2026, as part of its share buyback programme originally announced on 17 March 2026. All transactions were executed on the London Stock Exchange through the company's broker, Canaccord Genuity Limited. The purchased shares are intended for cancellation, reducing the total shares in issue to 151,257,623. Investors tracking ownership thresholds and voting rights will need to use this updated figure as their denominator under FCA disclosure rules.

Key Points

  • Hunting PLC (HTG) is an international energy services group listed on the London Stock Exchange
  • The company repurchased 80,000 ordinary shares of 25 pence each between 2 and 6 November 2026 via Canaccord Genuity Limited
  • The volume weighted average price across all five trading days was 375.73 pence per share; daily VWAPs ranged from 369.64 pence to 381.06 pence
  • Investors should note that following cancellation, the new total voting rights denominator stands at 151,257,623 ordinary shares

Hunting PLC Buys Back 16,000 Shares Per Day at VWAPs Between 369.64p and 381.06p

Hunting PLC purchased exactly 16,000 ordinary shares on each of the five trading days covered by the announcement, with all trades executed on the London Stock Exchange (XLON). The volume weighted average price paid ranged from a low of 369.64 pence on 6 November to a high of 381.06 pence on 5 November 2026. The highest individual price paid during the period was 382.00 pence on 5 November, whilst the lowest was 367.00 pence on 6 November. The aggregate volume weighted average price across the entire five-day period was 375.73 pence per ordinary share, as stated in the company's disclosure.

All 80,000 Repurchased Shares to Be Cancelled, Cutting Hunting's Shares in Issue

The announcement confirms that Hunting PLC intends to cancel all 80,000 ordinary shares repurchased during the period, rather than hold them in treasury. Following cancellation, the total number of ordinary shares in issue will stand at 151,257,623. This figure also represents the total number of voting rights in the company and must be used by shareholders and others with notification obligations as the denominator when calculating whether they are required to disclose interests or changes to interests under the FCA's Disclosure Guidance and Transparency Rules.

Buyback Programme Continues Under the Framework Established in March 2026

The current repurchase activity forms part of a broader share buyback programme that Hunting PLC originally announced on 17 March 2026. Canaccord Genuity Limited is acting as the company's broker to execute purchases on its behalf in compliance with Article 5(1)(b) of the UK Market Abuse Regulation. The programme structure requires the company to publish detailed individual and aggregate trade data for each reporting period, providing transparency to the market. Investors may be watching the pace and pricing of buybacks as an indicator of how the board views the valuation of the company's shares relative to intrinsic worth.