Director/PDMR Shareholding

RNS Number : 4888S

Hikma Pharmaceuticals Plc

19 May 2009

 



Hikma Pharmaceuticals PLC - LTIP Awards

LONDON, 19 May 2009: Hikma Pharmaceuticals PLC (LSE: HIK) (NasdaqDubai: 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 May 2009 at a price of 421.25 pence per ordinary share as follows:-

Name of Director Said Darwazah	Number of LTIP Shares 125,000
Mazen Darwazah	75,000

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.

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Enquiries:

Hikma Pharmaceuticals PLC    

Henry Knowles                                                       [phone]

Company Secretary

Susan Ringdal                                                        [phone]

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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