Director/PDMR Shareholding (5416Z)
March 16 2012 - 11:22AM
UK Regulatory
TIDMHIK
RNS Number : 5416Z
Hikma Pharmaceuticals Plc
16 March 2012
Hikma Pharmaceuticals PLC - LTIP Awards
LONDON, 16 March 2012: 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 ("PDMR") of the Company.
Awards under the LTIP were made on 16 March 2012 at a price of
GBP7.40p per ordinary share as follows:-
Name of PDMR Number of LTIP Shares
Bassam Kanaan 46,300
Michael Raya 43,800
Khalid Nabilsi 26,000
Riad Mishlawi 20,700
Henry Knowles 23,700
Susan Ringdal 22,200
Jason Grenfell-Gardener 20,900
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 2770
Investor Relations Director
About Hikma
Hikma Pharmaceuticals PLC is a fast growing multinational
pharmaceutical 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 2011,
Hikma achieved revenue of $918.0 million and profit attributable to
shareholders of $80.1 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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