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19 Mar 2009 17:02
Hikma Pharmaceuticals PLC - LTIP Awards
LONDON, 19 March 2009: Hikma Pharmaceuticals PLC (LSE: HIK) (DIFX: HIK) announces that the Remuneration Committee has made the following nil-cost awards under the Hikma Pharmaceuticals PLC 2005 Long-Term Incentive Plan (the "LTIP") to Persons Discharging Managerial Responsibility ("PDMRs") of the Company.
Awards under the LTIP were made on 19 March 2009 at a price of £3.82 per ordinary share as follows:-
|
Name of Director/PDMR |
Number of LTIP Shares |
|
Bassam Kanaan |
75,000 |
|
Taghreed Al-Shunnar |
75,000 |
|
Majda Labadi |
50,000 |
|
Nabil Rizk |
50,000 |
|
Mike Raya |
50,000 |
The shares subject to the LTIP awards will only be released to the participants in three years time, subject to their continued employment and the satisfaction of the comparative Total Shareholder Return ("TSR") performance target. Participants will only receive the full benefit of their share incentives if TSR performance against the Comparator Group is at least at the upper quartile.
- ENDS -
Enquiries:
Hikma Pharmaceuticals PLC
Henry Knowles +44 20 7399 2760
Company Secretary
Peter Laing +44 20 7399 2760
Interim Investor Relations Director
About Hikma
Hikma Pharmaceuticals PLC is a fast growing multinational group focused on developing, manufacturing and marketing a broad range of both branded and non-branded generic and in-licensed pharmaceutical products. Hikma's operations are conducted through three businesses: "Branded", "Injectables" and "Generics". Hikma's operations are based principally in the Middle East and North Africa ("MENA") region, where it is a market leader and sells across 17 countries, the United States and Europe. In 2008, the Group achieved revenues of $580.7 million (2007 $449 million) and profit attributable to shareholders was $57.1 million (2007 $63 million). For news and other information, please visit www.hikma.com.
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