Director/PDMR Shareholding
March 23 2010 - 12:18PM
UK Regulatory
TIDMHIK
RNS Number : 0500J
Hikma Pharmaceuticals Plc
23 March 2010
Hikma Pharmaceuticals PLC - LTIP Awards
LONDON, 23 March 2009: Hikma Pharmaceuticals PLC (LSE: HIK) (DIFX: HIK)
announces that the Remuneration Committee has made the following nil-cost awards
under the Hikma Pharmaceuticals PLC 2005 Long-Term Incentive Plan (the "LTIP")
to Persons Discharging Managerial Responsibility ("PDMRs") of the Company.
Awards under the LTIP were made on 22 March 2009 at a price of GBP5.89 per
ordinary share as follows:-
+---------------------------------+---------------------------------+
| Name of Director/PDMR | Number of LTIP Shares |
+---------------------------------+---------------------------------+
| Bassam Kanaan | 65,100 |
+---------------------------------+---------------------------------+
| Taghreed Al-Shunnar | 39,400 |
+---------------------------------+---------------------------------+
| Majida Labadi | 33,400 |
+---------------------------------+---------------------------------+
| Michael Raya | 58,400 |
| | |
+---------------------------------+---------------------------------+
| | |
+---------------------------------+---------------------------------+
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 2770
Investor Relations Director
About Hikma
Hikma Pharmaceuticals PLC is a fast growing multinational 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: "Branded", "Injectables" and "Generics".
Hikma's operations are based principally in the Middle East and North Africa
("MENA") region, where it is a market leader and sells across 17 countries, the
United States and Europe. In 2009, the Group achieved revenues of $636.9
million (2008 $580.7 million) and profit attributable to shareholders was $77.7
million (2008 $57.1 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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