TIDMHIK

RNS Number : 2161B

Hikma Pharmaceuticals Plc

31 May 2023

Hikma Pharmaceuticals PLC - LTIP and EIP Awards

LONDON, 31 May 2023: Hikma Pharmaceuticals PLC (LSE: HIK) (NasdaqDubai: HIK) (LEI: 549300BNS685UXH4JI75) announces that the Remuneration Committee made the following conditional awards under the Hikma Pharmaceuticals PLC 2023 Long Term Incentive Plan (the "LTIP"); the 2014 Executive Incentive Plan (the "EIP") to Persons Discharging Managerial Responsibility ("PDMR") of the Company. No consideration was paid for the grant of the awards.

Awards under the LTIP were made on 30 May 2023 based on a price of GBP18.43 per Ordinary Share (being the average mid-market Ordinary Share price for the for the 5-working day period prior to 30 May 2023, in accordance with the LTIP rules) (the "LTIP Awards"). The vesting of the LTIP Awards is subject to the continued employment of the PDMRs, malus and clawback provisions and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The LTIP Awards will normally vest on the later of the third anniversary of the date of grant and the determination of the performance conditions. The LTIP Awards are then subject to an additional two-year holding period.

Awards under the EIP were made on 30 May 2023 based on a price of GBP15.15 per Ordinary Share (being the average mid-market Ordinary Share price for the 30-day period prior to 31 December 2022, in accordance with the EIP rules) (the "EIP Awards"). All EIP Awards are subject to malus and clawback provisions. EIP Element B Awards will normally vest on the second anniversary of the date of grant, subject to continued employment, and are then subject to an additional three-year holding period. EIP Element C Awards will normally vest on the third anniversary of the date of grant, subject to continued employment, and are then subject to an additional two-year holding period.

This notification is made under Article 19(1) of the EU Market Abuse Regulation 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). The information set out below is provided in accordance with the requirements of Article 19(3) of MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities

Said Darwazah

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Said Darwazah 
 2    Reason for the notification 
 a)   Position/status           Executive Chairman and Chief Executive Officer 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 132,783 Shares 
                                Nil         EIP Award, Element B: 31,679 Shares 
                                Nil         EIP Award, Element C: 19,761 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 184,223 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Mazen Darwazah

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Mazen Darwazah 
 2    Reason for the notification 
 a)   Position/status           Executive Vice Chairman 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 105,233 Shares 
                                Nil         EIP Award, Element B: 36,171 Shares 
                                Nil         EIP Award, Element C: 20,650 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 162,054 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Bassam Kanaan

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Bassam Kanaan 
 2    Reason for the notification 
 a)   Position/status           PDMR 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 76,130 Shares 
                                Nil         EIP Award, Element B: 28,647 Shares 
                                Nil         EIP Award, Element C: 20,982 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 125,759 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Khalid Nabilsi

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Khalid Nabilsi 
 2    Reason for the notification 
 a)   Position/status           PDMR 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 74,699 Shares 
                                Nil         EIP Award, Element B: 28,833 Shares 
                                Nil         EIP Award, Element C: 22,209 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 125,741 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Riad Mishlawi

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Riad Mishlawi 
 2    Reason for the notification 
 a)   Position/status           PDMR 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 75,339 Shares 
                                Nil         EIP Award, Element B: 36,371 Shares 
                                Nil         EIP Award, Element C: 30,749 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 142,459 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Majda Labadi

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Majda Labadi 
 2    Reason for the notification 
 a)   Position/status           PDMR 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 50,301 Shares 
                                Nil         EIP Award, Element B: 18,836 Shares 
                                Nil         EIP Award, Element C: 13,796 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 82,933 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Susan Ringdal

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Susan Ringdal 
 2    Reason for the notification 
 a)   Position/status           PDMR 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 38,409 Shares 
                                Nil         EIP Award, Element B: 15,925 Shares 
                                Nil         EIP Award, Element C: 11,664 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 65,998 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Brian Hoffmann

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Brian Hoffmann 
 2    Reason for the notification 
 a)   Position/status           PDMR 
 b)   Initial notification      Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                      Hikma Pharmaceuticals PLC 
 b)   LEI                       549300BNS685UXH4JI75 
 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            Description: Ordinary shares of 10 pence each 
       the financial             (Shares) 
       instrument, type          ID Code: GB00B0LCW083 
       of instrument 
       and identification 
       code 
 b)   Nature of the             Grant of awards under the LTIP and EIP. 
       transaction 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s) 
                                Nil         LTIP Award: 54,422 Shares 
                                Nil         EIP Award, Element B: 12,233 Shares 
                                Nil         EIP Award, Element C: 8,302 Shares 
 d)   Aggregated information    Price(s): nil 
                                 Volume(s): 74,957 
 e)   Date of the transaction   30 May 2023 
 f)   Place of the              Outside a trading venue 
       transaction 
 

Hussein Arkhagha

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Hussein Arkhagha 
 2    Reason for the notification 
 a)   Position/status          PDMR 
 b)     Initial notification   Initial notification 
         /Amendment 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
 a)   Name                     Hikma Pharmaceuticals PLC 
 b)   LEI                      549300BNS685UXH4JI75 
 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               Description: Ordinary shares of 10 pence each 
      of the financial          (Shares) 
      instrument,               ID Code: GB00B0LCW083 
      type of instrument 
      and identification 
      code 
 b)  Nature of the            Grant of awards under the LTIP and EIP. 
      transaction 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s) 
                               Nil         LTIP Award: 41,408 Shares 
                               Nil         EIP Award, Element B: 15,983 Shares 
                               Nil         EIP Award, Element C: 12,406 Shares 
 d)   Aggregated information   Price(s): nil 
                                Volume(s): 69,797 
 e)   Date of the              30 May 2023 
       transaction 
 f)   Place of the             Outside a trading venue 
       transaction 
 

Helen Middlemist

Deputy Company Secretary

+44 (0) 20 7399 2760

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBSGDUCBXDGXB

(END) Dow Jones Newswires

May 31, 2023 10:20 ET (14:20 GMT)

Hikma Pharmaceuticals (LSE:HIK)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Hikma Pharmaceuticals.
Hikma Pharmaceuticals (LSE:HIK)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Hikma Pharmaceuticals.