14th Dec 2016 07:51
LONDON (Alliance News) - Pharmaceutical firm Hutchison China MediTech Ltd on Wednesday said Executive Director and Chairman Simon To bought US-listed shares in the company last week and early this week.
To bought 52,161 American Depositary Shares at an average price of USD14.18 per share on Friday last week and on Monday and Tuesday. The transaction is worth just shy of USD740,000.
Each ADS is worth half a Hutchison China MediTech ordinary share, meaning the purchase equates to 26,080.5 shares.
The purchase is the first made by To of ADSs and adds to the 180,000 ordinary shares he has a beneficial interest in, around 0.3% of the company's issued share capital.
By Sam Unsted; [email protected]; @SamUAtAlliance
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