TIDMHIK

RNS Number : 5107C

Hikma Pharmaceuticals Plc

01 May 2012

Notification of major interests in shares

LONDON, 1 May 2012 - 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 
    ---------------------------------------------------------  ---- 
 
 
 3      Full name of the person subject to the                              Sectoral Asset Management 
         notification obligation                                             Inc. (SAM) 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 4      Full name of shareholders                                           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 
                                                                             authority to SAM. 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 5      Date of the Transaction (and date on                                27 April 2012 
         which the threshold crossed is reached 
         differently) 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 6      Date on which the issuer notified                                   1 May 2012 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 7      Threshold that is crossed                                           4% 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 8      Notified details: 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 A. Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class type        Situation previous        Resulting situation after the triggering 
  of shares         to the triggering         transaction 
  (if possible      transaction 
  using the 
  ISIN code) 
----------------  ------------------------  -------------------------------------------------------------------------- 
                   Number      Number        Number of shares       Number of voting             % of voting 
                   of shares    of voting                            rights                       rights 
                                rights 
-----  ---------  ----------  ------------  ---------------------  ---------------------------  ---------------------- 
                                             Direct      Indirect   Direct            Indirect   Direct    Indirect 
-----  ---------  ----------  ------------  ----------  ---------  ----------------  ---------  --------  ------------ 
                               2,967,495                                                          1.52% 
                               with SAM                             2,967,495                     with 
                                                                     with SAM                      SAM 
 Ordinary 
  Shares (0.10                 4,955,481                                                          2.72% 
  GBP)                         with                                  5,333,988                    with 
  GB00B0LCW083     7,922,976   clients       8,301,483      0        with clients        0       clients       0% 
----------------  ----------  ------------  ----------  ---------  ----------------  ---------  --------  ------------ 
 
 
 
 B. Qualifying Financial instruments 
---------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/Conversion   Number of voting          % of voting rights 
  instrument          Date         Period/Date           rights that may 
                                                         be 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 voting     % of voting rights 
  financial     Price      Date         Period/Date           rights instrument 
  instrument                                                  refers to 
------------  ---------  -----------  --------------------  -------------------  --------------------- 
                                                                                  Nominal      Delta 
------------  ---------  -----------  --------------------  -------------------  -----------  -------- 
 -             -          -            -                     -                    -            - 
------------  ---------  -----------  --------------------  -------------------  -----------  -------- 
 
 
 Total A+B+C 
---------------------------------------------- 
 Number of Voting rights   % of voting rights 
------------------------  -------------------- 
   2,967,495 with SAM        1.52% with SAM 
 
  5,333,988 with clients    2.72% with clients 
------------------------  -------------------- 
 
 
 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 1.52% 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 
---  ------------------------------  ------------------------------------- 
 
 
 13   Additional Information 
---  --------------------------  -------------------------------- 
 14   Contact name:               Peter Speirs, Company Secretary 
---  --------------------------  -------------------------------- 
 15   Contact telephone number:   020 7399 2772 
---  --------------------------  -------------------------------- 
 

- ENDS -

 
 
 

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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