Hikma Pharmaceuticals Plc Director/PDMR Shareholding (7266Y)

TIDMHIK

RNS Number : 7266Y

Hikma Pharmaceuticals Plc

19 May 2016

Hikma Pharmaceuticals PLC - Vesting of 2013 LTIP

LONDON, 19 May 2016: Hikma Pharmaceuticals PLC (LSE: HIK) (NasdaqDubai: HIK) ("Hikma") announces that the following Directors and Persons Discharging Managerial Responsibility ("PDMR") have received shares as a result of the vesting of their conditional share awards on 17 May 2016 under the 2005 Long Term Incentive Plan ("LTIP") which was completed on 19 May 2016. These awards were automatically exercised by operation of the conditional award and vesting process. The exercise price under the LTIP is GBPnil. As indicated in the table below, certain PDMRs have made disposals.

In accordance with DTR 3.1.2R and s.793 of the Companies Act 2006, Hikma announces that the following transactions took place in London over Hikma's Ordinary Shares of 10p each ("Shares") as detailed below.

 
 PDMR        Type of        Shares      Date    Price      Shares      Remaining 
              Transaction    Acquired                       Disposed    Holding 
                             under 
                             LTIP 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Said        Vesting        88,383      19      N/A        Nil         13,265,884* 
  Darwazah    of LTIP                    May 
              2013                       2016 
                             (0.04%                                     (5.54% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Mazen       Vesting        45,924      19      N/A        Nil         7,256,131* 
  Darwazah    of LTIP                    May 
              2013                       2016 
                             (0.02%                                     (3.03% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Bassam      Vesting        34,660      19      GBP22.42   34,660      418,658 
  Kanaan      of LTIP                    May 
              2013 &                     2016 
              Disposal 
                             (0.01%                                     (0.19% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Michael     Vesting        32,927      19      GBP22.42   19,047      133,840 
  Raya        of LTIP                    May 
              2013 &                     2016 
              Disposal 
                             (0.01%                                     (0.06% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Riad        Vesting        19,063      19      N/A        Nil         119,090 
  Mishlawi    of LTIP                    May 
              2013                       2016 
                             (0.01%                                     (0.05% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Khalid      Vesting        19,063      19      N/A        Nil         221,921 
  Nabilsi     of LTIP                    May 
              2013                       2016 
                             (0.01%                                     (0.09% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 Majda       Vesting        14,848      19      N/A        Nil         187,431 
  Labadi      of LTIP                    May 
              2013                       2016 
                             (0.01%                                     (0.08% 
                              ISC)                                       ISC) 
----------  -------------  ----------  ------  ---------  ----------  -------------- 
 
   "ISC" = Issued Share Capital of Hikma which 
   is 239,385,501 Shares following the release 
   of the LTIP 2013. 
 
   * Said Darwazah has a direct interest in Hikma 
   of 745,383 Shares and an effective interest 
   in Hikma through his interest in Darhold Limited 
   of 12,520,501 Shares. Mazen Darwazah has a direct 
   interest in Hikma of 952,965 Shares and an effective 
   interest in Hikma through his interest in Darhold 
   Limited of 6,303,166 Shares.

- ENDS -

Enquiries

Peter Speirs +44 20 7399 2760

Company Secretary, Hikma Pharmaceuticals PLC

About Hikma

Hikma Pharmaceuticals PLC is a fast growing 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 primarily in the Middle East and North Africa ("MENA") region, where it is a market leader, the United States and Europe.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 19, 2016 05:17 ET (09:17 GMT)

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