Hikma Pharmaceuticals Plc Transaction in Own Shares (7668Q)
23 Giugno 2020 - 8:00AM
UK Regulatory
TIDMHIK
RNS Number : 7668Q
Hikma Pharmaceuticals Plc
23 June 2020
23 June 2020
Hikma Pharmaceuticals PLC ("Hikma" or the "Company")
Transaction in Own Shares and Total Voting Rights and
Capital
Further to the announcements by Hikma and Boehringer Ingelheim
Invest GmbH ("Boehringer Ingelheim") on 22(nd) June 2020, Hikma
today announces the Company has entered into arrangements to buy
back approximately 12.8 million ordinary shares (the "Buy Back
Shares") currently owned by Boehringer Ingelheim (the "Buy Back")
at a price per Buy Back Share of GBP23.00 (the "Buy Back Price").
Hikma will receive a commitment fee from Boehringer Ingelheim of 2
per cent. of the aggregate value of the Buy Back Shares acquired at
the Buy Back Price . Citigroup Global Markets Limited ("Citi") is
acting as riskless principal for the purpose of the Buy Back.
The Buy Back Shares will all be held as treasury shares.
Following the Buy Back, the Company's share capital consists of
243,283,072 ordinary shares carrying voting rights, of which
12,833,233 (5.3%) ordinary shares are held in treasury. The voting
rights attaching to the treasury shares are not capable of
exercise. Therefore the total number of the voting rights in the
Company (after excluding the treasury shares) is 230,449,839
("Total Voting Rights").
The Total Voting Rights figure (230,449,839) may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Citi and Goldman Sachs International ("Goldman Sachs") are
acting as joint financial advisers to Hikma on the Buy Back.
Enquiries:
Hikma
Susan Ringdal +44 (0)20 7399 2760/+44
EVP, Strategic Planning and Global Affairs (0)7776 477050
Guy Featherstone +44 (0)20 3892 4389/+44
Senior Investor Relations Manager (0)7795 896738
Citi (Financial Adviser and Corporate
Broker to Hikma) +44 (0)20 7986 4000
Andrew Seaton
Robert Way
Suneel Hargunani
Goldman Sachs (Financial Adviser to Hikma) +44 (0)20 7774 1000
Robert King
John Wilkinson
Christoph Stanger
Teneo (Public Relations Adviser to Hikma)
Charles Armitstead +44 (0)7703 330 269
Camilla Cunningham +44 (0)7464 982 426
About Hikma
Hikma Pharmaceuticals PLC (LSE: HIK) (NASDAQ Dubai: HIK) (OTC:
HKMPY) (LEI:549300BNS685UXH4JI75) (rated Ba1/stable Moody's and
BB+/positive S&P)
Hikma helps put better health within reach every day for
millions of people in more than 50 countries around the world. For
more than 40 years, we've been creating high-quality medicines and
making them accessible to the people who need them. Headquartered
in the UK, we are a global company with a local presence across the
United States (US), the Middle East and North Africa (MENA) and
Europe, and we use our unique insight and expertise to transform
cutting-edge science into innovative solutions that transform
people's lives. We're committed to our customers, and the people
they care for, and by thinking creatively and acting practically,
we provide them with a broad range of branded and non-branded
generic medicines. Together, our 8,600 colleagues are helping to
shape a healthier world that enriches all our communities. We are a
leading licensing partner, and through our venture capital arm, are
helping bring innovative health technologies to people around the
world. For more information, please visit: www.hikma.com
(c)2020 Hikma Pharmaceuticals PLC. All rights reserved.
Disclaimer
Citi, which is authorised by the Prudential Regulation Authority
and regulated in the UK by the Financial Conduct Authority and the
Prudential Regulation Authority is acting as financial adviser and
corporate broker to Hikma and for no one else in connection with
the Buy Back and other matters described in this announcement, and
will not be responsible to anyone other than Hikma for providing
the protections afforded to its clients nor for providing advice in
relation to the Buy Back or any other matters referred to in this
announcement. Neither Citi nor any of its affiliates, directors or
employees owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, consequential, whether in
contract, tort, in delict, under statute or otherwise) to any
person who is not a client of Citi in connection with this
announcement, any statement contained herein, the Buy Back or
otherwise.
Goldman Sachs, which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the United Kingdom, is acting as
financial adviser to Hikma and no one else in connection with the
Buy Back and will not be responsible to anyone other than Hikma for
providing the protections afforded to clients of Goldman Sachs
International or for providing advice in connection with the Buy
Back or in this Announcement or any transaction or arrangement
referred to herein.
Further Information
This communication is not intended to and does not constitute an
offer to buy or the solicitation of an offer to subscribe for or
sell or an invitation to purchase or subscribe for any securities
or the solicitation of any vote in any jurisdiction. The release,
publication or distribution of this communication in whole or in
part, directly or indirectly, in, into or from certain
jurisdictions may be restricted by law and therefore persons in
such jurisdictions should inform themselves about and observe such
restrictions.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdictions.
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.
END
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