Director dealings: Hikma gets shot in the arm as chief tops up
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.
FTSE 100
8,071.19
16:49 14/11/24
FTSE 250
20,522.81
16:38 14/11/24
FTSE 350
4,459.02
16:38 14/11/24
FTSE All-Share
4,417.25
16:54 14/11/24
GSK
1,353.50p
16:40 14/11/24
Hikma Pharmaceuticals
1,794.00p
16:40 14/11/24
Pharmaceuticals & Biotechnology
19,794.96
16:38 14/11/24
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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