1st May 2012 15:50
Notification of major interests in shares
LONDON, 1 May 2012 - Hikma Pharmaceuticals PLC ("Hikma") (LSE: HIK) (DIFX: HIK), the fast growing multinational pharmaceuticals group, announces as follows:
1 | Identity of the issuer or the underlying issuer of existing shares to which the voting rights are attached | Hikma Pharmaceuticals PLC
|
2 | Reason for the notification | |
An acquisition or disposal of voting rights | Yes | |
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issues to which voting rights are attached | No | |
An event changing the breakdown of voting rights | No | |
Other (please specify): Compliance with the Transparency Directive | No |
3 | Full name of the person subject to the notification obligation | Sectoral Asset Management Inc. (SAM) | ||||||||
4 | Full name of shareholders | SAM acts as investment advisors/sub investment advisors to a large number of institutional clients globally. The actual shareholders are those institutional clients, some of whom have delegated voting authority to SAM. | ||||||||
5 | Date of the Transaction (and date on which the threshold crossed is reached differently) | 27 April 2012 | ||||||||
6 | Date on which the issuer notified | 1 May 2012 | ||||||||
7 | Threshold that is crossed | 4% | ||||||||
8 | Notified details: | |||||||||
A. Voting rights attached to shares | ||||||||||
Class type of shares (if possible using the ISIN code) | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||
Number of shares | Number of voting rights | Number of shares | Number of voting rights | % of voting rights | ||||||
Direct | Indirect | Direct | Indirect | Direct | Indirect | |||||
Ordinary Shares (0.10 GBP) GB00B0LCW083 | 7,922,976 | 2,967,495 with SAM
4,955,481 with clients | 8,301,483 | 0 | 2,967,495 with SAM
5,333,988 with clients | 0 | 1.52% with SAM
2.72% with clients | 0% | ||
B. Qualifying Financial instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration Date | Exercise/Conversion Period/Date | Number of voting rights that may be acquired if the instrument if exercised/converted | % of voting rights |
- | - | - | - | - |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | Exercise Price | Expiration Date | Exercise/Conversion Period/Date | Number of voting rights instrument refers to | % of voting rights | |
Nominal | Delta | |||||
- | - | - | - | - | - | - |
Total A+B+C | |
Number of Voting rights | % of voting rights |
2,967,495 with SAM
5,333,988 with clients | 1.52% with SAM
2.72% with clients |
9 | Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable | |
|
Proxy Voting | ||
10 | Name of the proxy holder | Sectoral Asset Management Inc (SAM) in respect of 1.52% of Hikma shares |
11 | Number of voting rights proxy holder will cease to hold | N/A |
12 | Date on which proxy holder will cease to hold voting rights | N/A |
13 | Additional Information | |
14 | Contact name: | Peter Speirs, Company Secretary |
15 | Contact telephone number: | 020 7399 2772 |
- ENDS -
About Hikma
Hikma Pharmaceuticals PLC is a fast growing multinational 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 principally in the Middle East and North Africa ("MENA") region, where it is a market leader, the United States and Europe. In 2011, Hikma achieved revenue of $918.0 million and profit attributable to shareholders of $80.1 million.
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