LTIP awards
April 03 2007 - 9:14AM
UK Regulatory
RNS Number:3296U
Hikma Pharmaceuticals Plc
03 April 2007
Hikma Pharmaceuticals PLC - LTIP Awards
LONDON, 3 April 2007: Hikma Pharmaceuticals PLC (LSE: HIK) (DIFX: HIK) announces
that the Remuneration Committee has made the following awards under the Hikma
Pharmaceuticals PLC 2005 Long-Term Incentive Plan (the "LTIP") to Persons
Discharging Managerial Responsibility ("PDMRs") of the Company.
Awards were made on 2 April 2007 at a price of #3.87 per ordinary share as
follows:-
Name of PDMR Number of LTIP Shares
Bassam Kanaan 30,000
Nabil Rizk 30,000
Taghreed Al-Shunnar 25,000
Majda Labadi 25,000
Gabriel Kalisse 25,000
Mike Raya 25,000
The shares subject to the LTIP awards will only be released to the participants
in three years time, subject to their continued employment and the satisfaction
of the comparative Total Shareholder Return ("TSR") performance target.
Participants will only receive the full benefit of their share incentives if TSR
performance against the Comparator Group is at least at the upper quartile.
- ENDS -
Enquiries:
Hikma Pharmaceuticals PLC
Henry Knowles +44 20 7399 2760
Company Secretary
Susan Ringdal +44 20 7399 2760
Investor Relations Director
About Hikma
Hikma Pharmaceuticals PLC is a multinational pharmaceutical group focused on
developing, manufacturing and marketing a broad range of both branded and
non-branded generic and in-licensed pharmaceutical products. Hikma's operations
are conducted through three businesses: Generic, Branded and Injectable
Pharmaceuticals. Hikma's operations are based principally in the United States,
the Middle East and North Africa ("MENA") region and Europe. In 2006, the Group
had revenue of $317 million and profit attributable to shareholders of $54.5
million. For news and other information, please visit www.hikma.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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