Holding(s) in Company

RNS Number : 6293A

Hikma Pharmaceuticals Plc

03 February 2011

 



Notification of major interests in shares

LONDON, 3 February 2011 - 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)						1 February 2011
6	Date on which the issuer notified						2 February 2011
7	Threshold that is crossed						3%
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		5,592,174	2,587,193 with SAM 3,004,981 with clients	6,222,574	0	2,677,293 with SAM 3,545,281 with clients		0	1.38% with SAM 1.83% 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
SAM: 2,677,293 Clients: 3,545,281	SAM: 1.38% Clients: 1.83%

9	Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
	Sectoral Asset Management Inc (SAM) act as investment advisors to clients who hold Hikma shares. Some of those clients have delegated their voting authority to SAM, while other SAM clients have retained their voting authority. The beneficial owners of the Hikma shares are SAM clients.

Proxy Voting
10	Name of the proxy holder	Sectoral Asset Management Inc (SAM) in respect of 1.38% 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	Notification using the total voting rights figure of  193,516,989
14	Contact name:	Peter Speirs, Deputy Secretary
15	Contact telephone number:	020 7399 2772

- ENDS -

About Hikma

Hikma Pharmaceuticals PLC is a fast growing multinational 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 2009, Hikma achieved revenues of $637 million and profit attributable to shareholders of $78 million.  For news and other information, please visit www.hikma.com.

 

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