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0J7G Hutchison China Meditech Ltd

33.29
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hutchison China Meditech Ltd LSE:0J7G London Ordinary Share HUTCHISON CHINA MEDITECH ADR REPRESENTIN
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.29 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 838M 100.78M - N/A 0

Hutchmed (China) Limited Vesting of awards under Long Term Incentive Plan (1637E)

09/03/2022 8:30am

UK Regulatory


Hutchison China Meditech (LSE:0J7G)
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TIDMHCM

RNS Number : 1637E

Hutchmed (China) Limited

09 March 2022

Vesting of awards under the Long Term Incentive Plan

Hong Kong, Shanghai & Florham Park, NJ - Wednesday, March 9, 2022: HUTCHMED (China) Limited ("HUTCHMED") (Nasdaq/AIM: HCM; SEHK:13) announces that following the announcement of the 2021 annual results of HUTCHMED on March 3, 2022, the following awards granted under the Long Term Incentive Plan ("LTIP") on March 15, 2017 and April 20, 2020 to Dr Weiguo Su and Mr Johnny Cheng were vested on March 8, 2022:-

 
                                                            Number of American 
                                                             depositary shares 
 Award Holders                                                         ("ADS") 
 Person Discharging Managerial Responsibilities 
 Dr Weiguo Su (Executive Director, Chief Executive 
  Officer and Chief Scientific Officer)                                 18,770 
 Mr Johnny Cheng (Executive Director and Chief Financial 
  Officer)                                                               4,198 
 Total                                                                  22,968 
                                                           =================== 
 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

(a) Dr Weiguo Su

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
  a)    Name                                                     Dr Weiguo Su 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
  a)    Position/status                                          Executive Director, Chief Executive Officer and Chief 
                                                                 Scientific Officer 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    Initial notification/Amendment                           Initial notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
  a)    Name                                                     HUTCHMED (China) Limited 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    LEI                                                      2138006X34YDQ6OBYE79 
      -------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of         ADS each representing five Ordinary Shares of US$0.10 
        instrument                                                ADS ISIN: US44842L1035 
        Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    Nature of the transaction                                (i) Vesting of awards granted on March 15, 2017 under 
                                                                 HUTCHMED's LTIP 
                                                                 (ii) Vesting of awards granted on April 20, 2020 
                                                                 under HUTCHMED's LTIP 
      -------------------------------------------------------  ------------------------------------------------------- 
  c)    Price(s) and volume(s)                                           Price(s)   Volume(s) 
                                                                   ( i)   Nil        3,754 ADS 
                                                                         ---------  ----------- 
                                                                   (ii)   Nil        15,016 ADS 
                                                                         ---------  ----------- 
      -------------------------------------------------------  ------------------------------------------------------- 
  d)    Aggregated information                                   N/A 
         -  Aggregated volume 
         -  Price 
      -------------------------------------------------------  ------------------------------------------------------- 
  e)    Date of the transaction                                  2022-03-08 
      -------------------------------------------------------  ------------------------------------------------------- 
  f)    Place of the transaction                                 Outside a trading venue 
      -------------------------------------------------------  ------------------------------------------------------- 
 

(b) Mr Johnny Cheng

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
  a)    Name                                                     Mr Johnny Cheng 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
  a)    Position/status                                          Executive Director and Chief Financial Officer 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    Initial notification/Amendment                           Initial notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
  a)    Name                                                     HUTCHMED (China) Limited 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    LEI                                                      2138006X34YDQ6OBYE79 
      -------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of         ADS each representing five Ordinary Shares of US$0.10 
        instrument                                                ADS ISIN: US44842L1035 
        Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    Nature of the transaction                                Vesting of awards granted on April 20, 2020 under 
                                                                 HUTCHMED's LTIP 
      -------------------------------------------------------  ------------------------------------------------------- 
  c)    Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                   Nil        4,198 ADS 
                                                                             ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
  d)    Aggregated information                                   N/A 
         -  Aggregated volume 
         -  Price 
      -------------------------------------------------------  ------------------------------------------------------- 
  e)    Date of the transaction                                  2022-03-08 
      -------------------------------------------------------  ------------------------------------------------------- 
  f)    Place of the transaction                                 Outside a trading venue 
      -------------------------------------------------------  ------------------------------------------------------- 
 

About HUTCHMED

HUTCHMED (Nasdaq/AIM: HCM; HKEX: 13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. It has more than 4,600 personnel across all its companies, at the center of which is a team of about 1,500 in oncology/immunology. Since inception it has advanced 12 cancer drug candidates from in-house discovery into clinical studies around the world, with its first three oncology drugs now approved and marketed in China. For more information, please visit: www.hutch--med.com or follow us on LinkedIn.

CONTACTS

 
Investor Enquiries 
  Mark Lee, Senior Vice President     +852 2121 8200 
  Annie Cheng, Vice President         +1 (973) 567 3786 
 
Media Enquiries 
  Americas - Brad Miles,              +1 (917) 570 7340 (Mobile) 
   Solebury Trout                      bmiles@troutgroup.com 
  Europe - Ben Atwell / Alex Shaw,    +44 20 3727 1030 / +44 7771 913 902 (Mobile) / +44 7779 545 055 (Mobile) 
   FTI Consulting                      HUTCHMED@fticonsulting.com 
  Asia - Zhou Yi,                     +852 97 83 6894 (Mobile) 
   Brunswick                           HUTCHMED@brunswickgroup.com 
 
Nominated Advisor 
  Atholl Tweedie / Freddy Crossley, 
   Panmure Gordon (UK) Limited        +44 (20) 7886 2500 
 

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.

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END

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(END) Dow Jones Newswires

March 09, 2022 03:30 ET (08:30 GMT)

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