Hikma boss makes a fair few pennies from share sale

21st Jun 2012 16:24

Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, the FTSE 250 multinational pharmaceutical group, has pocketed over one million pounds through the sale of company shares last week.Darwazah sold 195,447 shares at 649p each on June 15th for a total of £1,268,451, the company revealed in a statement on Thursday. This was equal to 0.99% of the issued share capital of Hikma.Following the transaction, he still owns over two million shares in the firm, equal to a 1.08% stake.Darwazah is the former Minister of Health in Jordan from 2003 to 2006 and also held a position on the board of the Central Bank of Jordan.Last month, the company reiterated its revenue growth guidance for 2012. "We are making good progress towards delivering our targets for this year and surpassing the important milestone of $1bn in revenue," Darwazah said at the time.The group announced 28% growth in its branded business during the first four months of the year, along with 12% organic revenue growth. Top Director BuysNew Europe Property Investments (NEPI) Director name: Mr Corneliu-Dan PascariuAmount purchased: 131,500 @ € 3.50 Value: € 460,250Ruspetro (RPO) Director name: Mr Christopher ClarkAmount purchased: 100,000 @ 134.00p Value: £134,000Jupiter Energy Ltd (JPRL) Director name: Mr Alastair BeardsallAmount purchased: 333,333 @ 28.15p Value: £93,833KBC Advanced Technologies (KBC) Director name: Mr Ian GoddenAmount purchased: 80,000 @ 73.25p Value: £58,600KBC Advanced Technologies (KBC) Director name: Mr Michael Peter KirkAmount purchased: 70,000 @ 73.25p Value: £51,275Helius Energy (HEGY) Director name: Mr Angus MacDonald OBEAmount purchased: 250,000 @ 16.50p Value: £41,250Helius Energy (HEGY) Director name: Mr Angus MacDonald OBEAmount purchased: 250,000 @ 16.50p Value: £41,250Norcros (NXR) Director name: Mr Martin PayneAmount purchased: 300,000 @ 11.96p Value: £35,880TR European Growth Trust (TRG) Director name: Mr Christopher Casey Amount purchased: 6,000 @ 287.12p Value: £17,227Ncondezi Coal Co Ltd. (DI) (NCCL) Director name: Mr Graham Edward MascallAmount purchased: 50,000 @ 30.50p Value: £15,250Top Director SellsHornby (HRN) Director name: Mr Frank MartinAmount sold: 13,871 @ 78.5p Value: £10,889Hikma Pharmaceuticals (HIK) Director name: Mr Said DarwazahAmount sold: 195,447 @ 649.00p Value: £1,268,451Hammerson (HMSO) Director name: Mr Timon DrakesmithAmount sold: 134,679 @ 431.26p Value: £580,817Tate & Lyle (TATE) Director name: Mr Robert GibberAmount sold: 66,627 @ 634.41p Value: £422,688RIT Capital Partners (RCP) Director name: Mr Mikael Breuer-WeilAmount sold: 30,450 @ 1,230.73p Value: £374,757KBC Advanced Technologies (KBC) Director name: Mr Nicholas StoneAmount sold: 349,609 @ 73.25p Value: £256,089New Europe Property Investments (NEPI) Director name: Mr Victor Semionov Amount sold: 50,000 @ € 3.50 Value: € 175,000Invensys (ISYS) Director name: Ms Victoria Hull Amount sold: 15,330 @ 201.06p Value: £30,822S & U (SUS) Director name: Mr Guy ThompsonAmount sold: 2,000 @ 835.00p Value: £16,700BC