Hunting CEO ditches 100,000 shares

The Chief Executive Officer of FTSE 250 energy services provider Hunting has sold off 100,000 shares in the firm at 945p each.

Dennis Proctor, who has been a director of Hunting for twelve years, made the £945,000 sale to satisfy personal tax liabilities, the company said.

Following the transaction, the director now holds 1,220,472 shares, equal to 0.83% of the firm's share capital.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

The company's share price has performed well over the past year, gaining over 17%, or 139p.

Just over a month ago the Hunting revealed that it sold its Canadian airport business for £7.5m.

Hunting Canadian Airport Holdings, which includes Field Aviation, was bought by a consortium of North American investors put together by the current management team.

Hunting agreed to defer £1.9m of the deal, which it will receive by the end of 2018 and on which it will earn interest at a rate of 8% a year in the meantime, the firm said.

On the day of Proctor's sale, the share price fell 0.58% to 945.50p.

Top Director Buys

Aberforth Smaller Companies Trust (ASL)

Director name: Mr Richard Rae

Amount purchased: 4,000 @ 629.68p

Value: £25,187

Mission Marketing Group (TMMG)

Director name: Mr Robert Andrew Day

Amount purchased: 95,725 @ 24.59p

Value: £23,539

Mission Marketing Group (TMMG)

Director name: Mr David William Morgan

Amount purchased: 95,725 @ 24.59p

Value: £23,539

Mission Marketing Group (TMMG)

Director name: Mr Chris Morris

Amount purchased: 76,600 @ 24.59p

Value: £18,836

Mission Marketing Group (TMMG)

Director name: Mr Dylan Bogg

Amount purchased: 57,450 @ 24.59p

Value: £14,127

VinaLand Ltd (VNL)

Director name: Mr Michael Ian Arnold

Amount purchased: 20,000 @ $0.57

Value: $11,500

Ruspetro (RPO)

Director name: Dr Rolf Stomberg

Amount purchased: 50,000 @ 20.00p

Value: £10,000

Top Director Sells

Hunting (HTG)

Director name: Mr Dennis L Proctor

Amount sold: 100,000 @ 945.00p

Value: £945,000

Drax Group (DRX)

Director name: Ms Dorothy Thompson

Amount sold: 15,280 @ 542.06p

Value: £82,827

Drax Group (DRX)

Director name: Mr Peter Emery

Amount sold: 7,673 @ 542.06p

Value: £41,592

Drax Group (DRX)

Director name: Mr Paul Taylor

Amount sold: 5,328 @ 542.06p

Value: £28,881

Drax Group (DRX)

Director name: Mr Anthony (Tony) James Quinlan

Amount sold: 3,124 @ 542.06p

Value: £16,934