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Director/PDMR Shareholding

17 Mar 2016 15:25

RNS Number : 4832S
Hikma Pharmaceuticals Plc
17 March 2016
 

 

Hikma Pharmaceuticals PLC - EIP Awards

 

LONDON, 17 March 2016: Hikma Pharmaceuticals PLC (LSE: HIK) (NasdaqDubai: HIK) announces that the Remuneration Committee has made the following conditional awards under the Hikma Pharmaceuticals PLC 2014 Executive Incentive Plan (the "EIP") to Persons Discharging Managerial Responsibility ("PDMR") of the Company.

 

Awards under the EIP were made on 17 March 2016 at a price of 1,815 pence per Ordinary Share (being the closing price the day before grant) as follows:

 

PDMR

Element B

Shares

Element C

Shares

Said Darwazah

68,346

45,100

Mazen Darwazah

38,501

25,406

Bassam Kanaan

26,090

26,090

Majda Labadi

14,530

14,530

Riad Mishlawi

19,890

19,890

Khalid Nabulsi

20,400

20,400

Mike Raya

29,484

29,484

Susan Ringdal

15,730

15,730

 

The Element B share awards will be released to the participants in two years from the date of grant subject to their continued employment and the non-occurrence of forfeiture events during the vesting period as judged by the Remuneration Committee at each anniversary of the grant.

 

The Element C share awards will be released to the participants in three years from the date of grant subject to their continued employment.

 

These participants are must retain 50% of the vested shares under elements B and C until five years from the date of grant.

 

Further details on the EIP, forfeiture criteria and holding period can be found in Hikma's report and accounts for the year ended 31 December 2014 on pages 98, 103 and 104.

 

- ENDS -

 

Enquiries:

 

Hikma Pharmaceuticals PLC

Peter Speirs +44 20 7399 2760

Company Secretary

 

 

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. In 2015, Hikma achieved revenues of $1,440 million and profit attributable to shareholders of $252 million.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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