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22 May 2019 11:03
Grant of Share Options under Share Option Scheme
London: Wednesday, May 22, 2019: Hutchison China MediTech Limited ("Chi-Med") (AIM/Nasdaq: HCM) announces that on May 21, 2019, it granted share options under the Share Option Scheme conditionally adopted by Chi-Med at its Annual General Meeting in 2015 (the "2015 HCML Share Option Scheme").
Chi-Med granted 18,000 share options under its 2015 HCML 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 | : | May 21, 2019
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Exercise price of share options granted | : | GBP42.20 per Ordinary Share
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Number of share options granted | : | 18,000 (each share option shall entitle the holder thereof to subscribe for one Ordinary Share)
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Closing market price of Ordinary Shares on the date of grant
| : | GBP42.20 per Ordinary Share
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Validity period of the share options | : | From May 21, 2019 to May 20, 2029 |
About Chi-Med
Chi-Med (AIM/Nasdaq: HCM) is an innovative biopharmaceutical company which researches, develops, manufactures and markets pharmaceutical products. Its Innovation Platform, Hutchison MediPharma, has about 420 scientists and staff focusing on discovering, developing and commercializing targeted therapeutics and immunotherapies for the treatment of cancer and immunological diseases. It has a portfolio of eight cancer drug candidates currently in clinical studies around the world. Chi-Med's Commercial Platform manufactures, markets, and distributes prescription drugs and consumer health products, covering an extensive network of hospitals across China.
Dual-listed on the AIM market of the London Stock Exchange and the Nasdaq Global Select Market, Chi-Med is headquartered in Hong Kong and majority owned by the multinational conglomerate CK Hutchison Holdings Limited (SEHK: 1). 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 |
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Mark Lee, Senior Vice President, Corporate Finance & Development
| +852 2121 8200 |
Annie Cheng, Vice President, Corporate Finance & Development
| +1 (973) 567 3786 |
David Dible, Citigate Dewe Rogerson | +44 7967 566 919 (Mobile)david.dible@citigatedewerogerson.com |
Xuan Yang, Solebury Trout | +1 (415) 971 9412 (Mobile)xyang@troutgroup.com |
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| Media Enquiries |
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UK & Europe - Anthony Carlisle, Citigate Dewe Rogerson | +44 7973 611 888 (Mobile)anthony.carlisle@cdrconsultancy.co.uk |
Americas - Brad Miles, Solebury Trout | +1 (917) 570 7340 (Mobile)bmiles@troutgroup.com |
Hong Kong & Asia ex-China - Joseph Chi Lo, Brunswick
- Zhou Yi, Brunswick | +852 9850 5033 (Mobile)jlo@brunswickgroup.com +852 9783 6894 (Mobile) yzhou@brunswickgroup.com |
Mainland China - Sam Shen, Edelman | +86 1367 179 1029 (Mobile)sam.shen@edelman.com |
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| Nominated Advisor |
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Richard Gray / Atholl Tweedie, Panmure Gordon (UK) Limited | +44 (20) 7886 2500 |
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