RNS Number : 0062L
Hikma Pharmaceuticals Plc
31 August 2023

Hikma Pharmaceuticals PLC - LTIP Award


LONDON, 31 August 2023: Hikma Pharmaceuticals PLC (LSE: HIK) (NasdaqDubai: HIK) (LEI: 549300BNS685UXH4JI75) announces that the Remuneration Committee made the following conditional award under the Hikma Pharmaceuticals PLC 2023 Long Term Incentive Plan (the "LTIP") to Riad Mishlawi, a Person Discharging Managerial Responsibility ("PDMR") of the Company. No consideration was paid for the grant of the award.

The award under the LTIP was made on 31 August 2023 based on a price of £21 per Ordinary Share (being the average mid-market Ordinary Share price for the for the 5-working day period prior to 31 August 2023, in accordance with the LTIP rules) (the "LTIP Award"). This LTIP Award reflects Riad Mishlawi's promotion to Chief Executive Officer of Hikma Pharmaceuticals PLC, effective 1 September 2023 and has been made on a pro-rata basis, taking account of his LTIP Award granted on 30 May 2023. The vesting of the LTIP Award is subject to the continued employment of the PDMR, malus and clawback provisions and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The LTIP Award will normally vest on the later of the third anniversary of the date of grant and the determination of the performance conditions. The LTIP Award is 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


Details of the person discharging managerial responsibilities / person closely associated



Riad Mishlawi


Reason for the notification





Initial notification /Amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Hikma Pharmaceuticals PLC





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


Description of the financial instrument, type of instrument and identification code

Description: Ordinary shares of 10 pence each (Shares)

ID Code: GB00B0LCW083


Nature of the transaction


Grant of award under the LTIP.


Price(s) and volume(s)




LTIP Award: 12,623 Shares


Aggregated information

Price(s): nil

Volume(s): 12,263


Date of the transaction

31 August 2023


Place of the transaction

Outside a trading venue


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 or visit

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.