Director/PDMR Shareholding
November 02 2010 - 6:42AM
UK Regulatory
TIDMHIK
RNS Number : 4480V
Hikma Pharmaceuticals Plc
02 November 2010
Hikma Pharmaceuticals PLC - LTIP Awards
LONDON, 2 November 2010: Hikma Pharmaceuticals PLC (LSE: HIK) (NasdaqDubai: 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 2 November 2010 at a price of 795.5 pence per
ordinary share as follows:-
+---------------------------------+---------------------------------+
| Name of Director | Number of LTIP Shares |
| Said Darwazah | 105,000 |
+---------------------------------+---------------------------------+
| Mazen Darwazah | 70,000 |
+---------------------------------+---------------------------------+
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"), sales growth, earnings per
share ("EPS") growth and return on invested capital ("ROIC") performance
targets. Half of the award is subject to TSR against the Comparator Group and
requires at least upper quartile performance to vest in full. The remaining half
is split equally between the financial targets and requires sales growth of 13%,
EPS growth of 20% and ROIC of 12% to vest in full. Each target is measured
individually and is independent of the other targets.
- 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 fast growing multinational group focused on
developing, manufacturing and marketing a broad range of both branded and
non-branded generic and in-licensed products. Hikma's operations are conducted
through three businesses: "Branded", "Injectables" and "Generics" based
principally in the Middle East and North Africa ("MENA") region, where it is a
market leader, the United States and Europe. In 2009, Hikma achieved revenues
of $637 million and profit attributable to shareholders of $78 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
RDSBGBDBGSGBGGD
Hikma Pharmaceuticals (LSE:HIK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hikma Pharmaceuticals (LSE:HIK)
Historical Stock Chart
From Jul 2023 to Jul 2024