TIDMHIK

RNS Number : 6293A

Hikma Pharmaceuticals Plc

03 February 2011

Notification of major interests in shares

LONDON, 3 February 2011 - Hikma Pharmaceuticals PLC ("Hikma") (LSE: HIK) (DIFX: HIK), the fast growing multinational pharmaceuticals group, announces as follows:

 
 1   Identity of the issuer or the underlying   Hikma Pharmaceuticals PLC 
      issuer of existing shares to which the 
      voting rights are attached 
    -----------------------------------------  -------------------------- 
 
 
 2   Reason for the notification 
    ---------------------------------------------------------  ---- 
     An acquisition or disposal of voting rights                Yes 
    ---------------------------------------------------------  ---- 
     An acquisition or disposal of financial instruments        No 
      which may result in the acquisition of shares already 
      issues to which voting rights are attached 
    ---------------------------------------------------------  ---- 
     An event changing the breakdown of voting rights           No 
    ---------------------------------------------------------  ---- 
     Other (please specify): Compliance with the Transparency   No 
      Directive 
    ---------------------------------------------------------  ---- 
 
 
                Full name of the person subject to the               Sectoral Asset Management 
 3               notification obligation                              Inc. (SAM) 
-------------  ---------------------------------------------------  ------------------------------------------ 
                                                                     SAM acts as investment 
                                                                      advisors/sub investment 
                                                                      advisors to a large number 
                                                                      of institutional clients 
                                                                      globally. The actual shareholders 
                                                                      are those institutional 
                                                                      clients, some of whom 
                                                                      have delegated voting 
 4              Full name of shareholders                             authority to SAM. 
-------------  ---------------------------------------------------  ------------------------------------------ 
                Date of the Transaction (and date on 
                 which the threshold crossed is reached 
 5               differently)                                        1 February 2011 
-------------  ---------------------------------------------------  ------------------------------------------ 
 6              Date on which the issuer notified                    2 February 2011 
-------------  ---------------------------------------------------  ------------------------------------------ 
 7              Threshold that is crossed                            3% 
-------------  ---------------------------------------------------  ------------------------------------------ 
 8              Notified details: 
-------------  ---------------------------------------------------  ------------------------------------------ 
 A. Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class type 
  of shares 
  (if possible    Situation previous 
  using the        to the triggering        Resulting situation after the triggering 
  ISIN code)       transaction               transaction 
---------------  ------------------------  ------------------------------------------------------------------- 
                              Number 
                  Number of    of voting                           Number of voting         % of voting 
                  shares       rights       Number of shares        rights                   rights 
-------------    ----------  ------------  ---------------------  -----------------------  ------------------- 
                                            Direct      Indirect   Direct        Indirect   Direct    Indirect 
-------------    ----------  ------------  ----------  ---------  ------------  ---------  --------  --------- 
                                                                                             1.38% 
                              2,587,193                             2,677,293                with 
 Ordinary                     with SAM                              with SAM                  SAM 
  Shares (0.10                3,004,981                             3,545,281                1.83% 
  GBP)                        with                                    with                   with 
  GB00B0LCW083    5,592,174   clients       6,222,574      0         clients        0       clients      0% 
---------------  ----------  ------------  ----------  ---------  ------------  ---------  --------  --------- 
 
 
 
 B. Qualifying Financial instruments 
---------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------- 
 Type of      Expiration   Exercise/Conversion   Number of voting      % of voting 
 financial     Date         Period/Date          rights that may be    rights 
 instrument                                      acquired if the 
                                                 instrument if 
                                                 exercised/converted 
-----------  -----------  --------------------  --------------------  ------------ 
 -            -            -                     -                     - 
-----------  -----------  --------------------  --------------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------ 
 Type of      Exercise   Expiration   Exercise/Conversion   Number of    % of voting 
 financial     Price      Date         Period/Date          voting       rights 
 instrument                                                 rights 
                                                            instrument 
                                                            refers to 
-----------  ---------  -----------  --------------------  -----------  ------------------ 
                                                                         Nominal   Delta 
-----------  ---------  -----------  --------------------  -----------  --------  -------- 
 -            -          -            -                     -            -         - 
-----------  ---------  -----------  --------------------  -----------  --------  -------- 
 
 
 Total A+B+C 
--------------------------------------------- 
 Number of Voting rights   % of voting rights 
------------------------  ------------------- 
 SAM: 2,677,293            SAM: 1.38% 
  Clients: 3,545,281        Clients: 1.83% 
------------------------  ------------------- 
 
 
 9   Chain of controlled undertakings through which the voting rights 
      and/or the financial instruments are effectively held, if applicable 
    ---------------------------------------------------------------------- 
 
       Sectoral Asset Management Inc (SAM) act as 
       investment advisors to clients who hold Hikma 
       shares. Some of those clients have delegated 
       their voting authority to SAM, while other SAM 
       clients have retained their voting authority. 
       The beneficial owners of the Hikma shares are 
       SAM clients. 
    ---------------------------------------------------------------------- 
 
 
 Proxy Voting 
-------------------------------------------------------------------------- 
 10   Name of the proxy holder        Sectoral Asset Management Inc (SAM) 
                                       in respect of 1.38% of Hikma shares 
---  ------------------------------  ------------------------------------- 
 11   Number of voting rights proxy   N/A 
       holder will cease to hold 
---  ------------------------------  ------------------------------------- 
 12   Date on which proxy holder      N/A 
       will cease to hold voting 
       rights 
---  ------------------------------  ------------------------------------- 
 
 
                                  Notification using the total voting 
 13   Additional Information       rights figure of 193,516,989 
---  --------------------------  ------------------------------------ 
 14   Contact name:               Peter Speirs, Deputy Secretary 
---  --------------------------  ------------------------------------ 
 15   Contact telephone number:   020 7399 2772 
---  --------------------------  ------------------------------------ 
 

- ENDS -

 
 
 

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

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