Director/PDMR Shareholding (5846G)
May 13 2011 - 9:10AM
UK Regulatory
TIDMHIK
RNS Number : 5846G
Hikma Pharmaceuticals Plc
13 May 2011
Hikma Pharmaceuticals PLC - LTIP Awards
LONDON, 13 May 2011: Hikma Pharmaceuticals PLC (LSE: HIK)
(NasdaqDubai: HIK) announces that, further to the approval of the
Ordinary Shareholders of Hikma obtained at the Company's Annual
General Meeting yesterday to make awards to the executive directors
on 13 May 2011, the Remuneration Committee has made the following
conditional awards under the Hikma Pharmaceuticals PLC 2005
Long-Term Incentive Plan (the "LTIP") to Persons Discharging
Managerial Responsibility ("PDMR") of the Company.
Awards under the LTIP were made on 13 May 2011 at a price of 723
pence per Ordinary Share as follows:
Name of PDMR Number of LTIP Shares
Said Darwazah 108,000
Mazen Darwazah 72,000
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. Further details on these
performance criteria can be found in Hikma's report and accounts
for the year ended 31 December 2010 on pages 60 to 62.
- 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 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 2010, the
Group achieved revenues of $731 million (2009 $637 million) and
profit attributable to shareholders was $99 million (2009 $78
million).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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