Last checked at 28 Mar 2017 11:00
Grant of Share Options under Share Option Scheme
London: Tuesday, March 28, 2017: Hutchison China MediTech Limited ("Chi-Med") (AIM/Nasdaq: HCM) announces that on March 27, 2017, it granted share options under the Share Option Scheme adopted by Chi-Med at its Annual General Meeting on April 24, 2015 (the "Share Option Scheme").
Chi-Med granted 150,000 share options under its Share Option Scheme to certain employees to subscribe for Ordinary Shares subject to the acceptance of the grantees. Details of such share options granted prescribed are as follows:
Date of grant | : | March 27, 2017
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Exercise price of share options granted | : | GBP31.05 per Ordinary Share
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Number of share options granted | : | 150,000 (each share option shall entitle the holders thereof to subscribe for one Ordinary Share)
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Closing market price of Ordinary Shares on the date of grant
| : | GBP31.05 per Ordinary Share
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Validity period of the share options | : | From March 27, 2017 to March 26, 2027 |
100,000 of the 150,000 share options were granted to Dr Weiguo Su, Executive Director and Chief Scientific Officer, being a person discharging managerial responsibility under the EU Market Abuse Regulation.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) |
Name |
Dr Weiguo Su
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2 | Reason for the notification | |||||||
a) |
Position/status |
Executive Director and Chief Scientific Officer
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b) |
Initial notification/Amendment
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Initial notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) |
Name
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Hutchison China MediTech Limited | ||||||
b)
|
LEI |
N/A | ||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) |
Description of the financial instrument, type of instrument
Identification code
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Option over Ordinary Share of US$1.00
Option over Ordinary Share with DI ISIN: KYG4672N1016 | ||||||
b) |
Nature of the transaction
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Grant of options in respect of 100,000 Ordinary Shares under the Share Option Scheme.
The share options granted are exercisable subject to a vesting schedule of 25% on each of the first, second, third and fourth anniversaries of the effective date of grant.
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information
|
N/A | ||||||
e) |
Date of the transaction |
2017-03-27
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f) |
Place of the transaction |
Outside a trading venue
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About Chi-Med
Chi-Med is an innovative biopharmaceutical company which researches, develops, manufactures and sells pharmaceuticals and healthcare products. Its Innovation Platform, Hutchison MediPharma Limited, focuses on discovering and developing innovative therapeutics in oncology and autoimmune diseases for the global market. Its Commercial Platform manufactures, markets, and distributes prescription drugs and consumer health products in China.
Chi-Med is majority owned by the multinational conglomerate CK Hutchison Holdings Limited (SEHK: 0001). For more information, please visit: www.chi-med.com.
Forward Looking Statements
This announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. For further discussion of these and other risks, see Chi-Med's filings with the U.S. Securities and Exchange Commission and on AIM. Chi-Med undertakes no obligation to update or revise the information contained in this announcement, whether as a result of new information, future events or circumstances or otherwise.
Contacts
Investor Enquiries | ||
Christian Hogg, CEO | +852 2121 8200 | |
U.K. and International Media Enquiries | ||
Anthony Carlisle, Citigate Dewe Rogerson | +44 7973 611 888 (Mobile) | anthony.carlisle@cdrconsultancy.co.uk |
U.S. Based Media Enquiries | ||
Brad Miles, BMC Communications | +1 (917) 570 7340 (Mobile) | bmiles@bmccommunications.com |
Susan Duffy, BMC Communications | +1 (917) 499 8887 (Mobile) | sduffy@bmccommunications.com |
Investor Relations | ||
Matt Beck, The Trout Group | +1 (917) 415 1750 (Mobile) | mbeck@troutgroup.com |
David Dible, Citigate Dewe Rogerson | +44 7967 566 919 (Mobile) | david.dible@citigatedr.co.uk |
Panmure Gordon (UK) Limited | ||
Richard Gray / Andrew Potts | +44 (20) 7886 2500 |