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0J7G Hutchison China Meditech Ltd

33.29
0.00 (0.00%)
23 Apr 2024 - Closed
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 10 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 (8787I)

21/04/2022 9:30am

UK Regulatory


Hutchison China Meditech (LSE:0J7G)
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From Apr 2021 to Apr 2024

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TIDMHCM

RNS Number : 8787I

Hutchmed (China) Limited

21 April 2022

Vesting of awards under the Long Term Incentive Plan

Hong Kong, Shanghai & Florham Park, NJ - Thursday, April 21, 2022: HUTCHMED (China) Limited (" HUTCHMED ") (Nasdaq/AIM: HCM; SEHK:13) announces that the non-performance based awards granted under the Long Term Incentive Plan ("LTIP") on April 20, 2020 to the following persons discharging managerial responsibilities were vested on April 20, 2022:-

 
                                                 Number of American depositary 
Award Holder                                      shares ("ADS") 
----------------------------------------------   ----------------------------- 
 
Mr Simon To (Executive Director)                 2,397(1) 
Dr Dan Eldar (Non-executive Director ("NED"))    2,397 
Ms Edith Shih (NED)                              2,397(2) 
Mr Paul Carter (Independent Non-executive 
 Director ("INED"))                              2,037(3) 
Dr Karen Ferrante (INED)                         2,397 
Mr Graeme Jack (INED)                            2,397 
Professor Tony Mok (INED)                        2,397 
 

Notes:

(1) Similar to the arrangement for his Director's fees, these ADSs were not received by Mr Simon To, but were received by or for the account of his employer, Hutchison Whampoa (China) Limited.

(2) Similar to the arrangement for her Director's fees, these ADSs were not received by Ms Edith Shih, but were received by or for the account of her employer, Hutchison International Limited.

(3) Mr Paul Carter elected, on acceptance of the grant of his awards, to have 15% of his LTIP awards (amounting to US$7,500 with respect to his awards which vested on April 20, 2022) held on his behalf by the trustee administering the LTIP pending vesting in the form of cash, to settle his tax liabilities in respect of his awards.

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

(a) Dr Dan Eldar

 
 1       Details of the person discharging managerial responsibilities/person closely associated 
 
   a)      Name                                                     Dr Dan Eldar 
        -------------------------------------------------------  ----------------------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------------------------------------- 
 
   a)      Position/status                                          Non-Executive Director 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on April 20, 2020 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        2,397 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2022-04-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   f)      Place of the transaction                                 Outside a trading venue 
        -------------------------------------------------------  ----------------------------------------------------- 
 

(b) Mr Paul Carter

 
 1       Details of the person discharging managerial responsibilities/person closely associated 
 
   a)      Name                                                     Mr Paul Carter 
        -------------------------------------------------------  ----------------------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------------------------------------- 
 
   a)      Position/status                                          Independent Non-Executive Director 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on April 20, 2020 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        2,037 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2022-04-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   f)      Place of the transaction                                 Outside a trading venue 
        -------------------------------------------------------  ----------------------------------------------------- 
 

(c) Dr Karen Ferrante

 
 1       Details of the person discharging managerial responsibilities/person closely associated 
 
   a)      Name                                                     Dr Karen Ferrante 
        -------------------------------------------------------  ----------------------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------------------------------------- 
 
   a)      Position/status                                          Independent Non-Executive Director 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on April 20, 2020 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        2,397 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2022-04-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   f)      Place of the transaction                                 Outside a trading venue 
        -------------------------------------------------------  ----------------------------------------------------- 
 

(d) Mr Graeme Jack

 
 1       Details of the person discharging managerial responsibilities/person closely associated 
 
   a)      Name                                                     Mr Graeme Jack 
        -------------------------------------------------------  ----------------------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------------------------------------- 
 
   a)      Position/status                                          Independent Non-Executive Director 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on April 20, 2020 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        2,397 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2022-04-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   f)      Place of the transaction                                 Outside a trading venue 
        -------------------------------------------------------  ----------------------------------------------------- 
 

(e) Professor Tony Mok

 
 1       Details of the person discharging managerial responsibilities/person closely associated 
 
   a)      Name                                                     Professor Tony Mok 
        -------------------------------------------------------  ----------------------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------------------------------------- 
 
   a)      Position/status                                          Independent Non-Executive Director 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 
          instrument                                               US$0.10 
 
          Identification code 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on April 20, 2020 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        2,397 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2022-04-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 
 

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END

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April 21, 2022 04:30 ET (08:30 GMT)

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