HCM.L

HUTCHMED (China) Limited
Hutchmed China Ltd - Vesting of awards under the LTIP
21st October 2024, 08:30
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RNS Number : 9386I
Hutchmed (China) Limited
21 October 2024
 

Vesting of awards under the Long Term Incentive Plan

Hong Kong, Shanghai & Florham Park, NJ - Monday, October 21, 2024: 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 October 20, 2021 to the following persons discharging managerial responsibilities were vested on October 20, 2024:-

 

Award Holder

 

Number of American depositary shares ("ADS")




Dr Dan Eldar (Non-executive Director ("NED"))


1,938

Ms Edith Shih (NED)


1,938 (1)

Mr Paul Carter (Independent Non-executive Director ("INED"))


1,647 (2)  

Mr Graeme Jack (INED)


1,938

Professor Tony Mok (INED)


1,938

 

Notes:

(1)   These ADSs were not received by Ms Edith Shih, but were received by or for the account of her employer, Hutchison International Limited.

(2)   Mr Paul Carter elected, on acceptance of the grant of his awards, to have 15% of his LTIP awards (amounting to US$9,375 with respect to his awards which vested on October 20, 2024) 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.

(3)   Since the vesting date is not a trading day, the relevant ADSs are scheduled to be transferred to the award holders on October 21, 2024.

 

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 instrument

 

Identification code

 

 

ADS each representing five Ordinary Shares of US$0.10

 

 

 

ADS ISIN: US44842L1035

 

b)

 

Nature of the transaction

 

 

Vesting of awards granted on October 20, 2021 under HUTCHMED's LTIP

 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

1,938 ADS

 

d)

 

Aggregated information

-

Aggregated volume

-

Price

 

N/A

 

e)

 

Date of the transaction

 

2024-10-20

 

 

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 instrument

 

Identification code

 

 

ADS each representing five Ordinary Shares of US$0.10

 

 

 

ADS ISIN: US44842L1035

 

b)

 

Nature of the transaction

 

 

Vesting of awards granted on October 20, 2021 under HUTCHMED's LTIP

 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

1,647 ADS

 

d)

 

Aggregated information

-

Aggregated volume

-

Price

 

N/A

 

e)

 

Date of the transaction

 

2024-10-20

 

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

(c) 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 instrument

 

Identification code

 

 

ADS each representing five Ordinary Shares of US$0.10

 

 

 

ADS ISIN: US44842L1035

 

b)

 

Nature of the transaction

 

 

Vesting of awards granted on October 20, 2021 under HUTCHMED's LTIP

 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

1,938 ADS

 

d)

 

Aggregated information

-

Aggregated volume

-

Price

 

N/A

 

e)

 

Date of the transaction

 

2024-10-20

 

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

(d) 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 instrument

 

Identification code

 

 

ADS each representing five Ordinary Shares of US$0.10

 

 

 

ADS ISIN: US44842L1035

 

b)

 

Nature of the transaction

 

 

Vesting of awards granted on October 20, 2021 under HUTCHMED's LTIP

 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

1,938 ADS

 

d)

 

Aggregated information

-

Aggregated volume

-

Price

 

N/A

 

e)

 

Date of the transaction

 

2024-10-20

 

 

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, global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. It has approximately 5,000 personnel across all its companies, at the center of which is a team of about 1,800 in oncology/immunology. Since inception, HUTCHMED has focused on bringing cancer drug candidates from in-house discovery to patients around the world, with its first three medicines marketed in China, the first of which is also marketed in the US and Europe. For more information, please visit: www.hutch-med.com or follow us on LinkedIn.

 

CONTACTS

Investor Enquiries

+852 2121 8200 / ir@hutch-med.com



Media Enquiries


Ben Atwell / Alex Shaw,

FTI Consulting

+44 20 3727 1030 / +44 7771 913 902 (Mobile) / +44 7779 545 055 (Mobile) / HUTCHMED@fticonsulting.com

Zhou Yi, Brunswick

+852 9783 6894 (Mobile) / HUTCHMED@brunswickgroup.com



Nominated Advisor


Atholl Tweedie / Freddy Crossley / Rupert Dearden, Panmure Liberum

+44 (20) 7886 2500

 

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