Director dealings: Hikma gets shot in the arm as chief tops up
Updated : 17:57
Hikma Pharmaceuticals's chief Said Darwazah boosted his stake in the generic drugs firm on Wednesday to 5.49% through the acquisition of 30,000 shares at an individual price of 2,271p.
The transaction was carried out by Vidacos Nominees on behalf of Darhold Limited, in which Darwazah holds an equity stake.
On 8 April, the US Food and Drug Administration accepted Hikma’s new drug application for fluticasone propionate and salmeterol inhalation powder, its version of GlaxoSmithKline’s Diskus anti-asthma treatment.
Previously, on 16 March, the company released full-year results which revealed a 4.0% rise in operating profits to $409m.
“While FY’2016 is likely to be a transitional year, FY’2017 is expected to show momentum with growth supported by new product launches. We stay with our Strong Buy recommendation,” analysts at Charles Stanley said in a research report commenting on the results.
The FTSE-250 listed company’s shares finished 0.88% higher on Wednesday at 2,300p, giving it a market capitalisation of £5,506, not far from its 52-week highs of 2,490p hit on 21 September 2015.
Top Director Buys
Hikma Pharmaceuticals (HIK)
Director name: Darwazah,Said
Amount purchased: 30,000 @ 2,271.00p
Value: £681,299.97
Bailey (c.h.) (BLEY)
Director name: Bailey,Charles H
Amount purchased: 69,600 @ 150.00p
Value: £104,400.00
Jupiter European Opportunities Trust (JEO)
Director name: Wallinger,John
Amount purchased: 10,000 @ 540.50p
Value: £54,050.00
Chrysalis Vct (CYS)
Director name: Harkness,Peter
Amount purchased: 42,500 @ 60.00p
Value: £25,500.00
Hansteen Holdings (HSTN)
Director name: Rough,David
Amount purchased: 7,500 @ 106.85p
Value: £8,013.75
Hansteen Holdings (HSTN)
Director name: Rough,David
Amount purchased: 7,500 @ 106.85p
Value: £8,013.75
Jupiter European Opportunities Trust (JEO)
Director name: Sutch,Andrew L
Amount purchased: 462 @ 540.12p
Value: £2,495.38
Pennon Group (PNN)
Director name: Davy ,Susan
Amount purchased: 15 @ 818.44p
Value: £122.77
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