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REG - Hutchmed China Ltd - Vesting of awards under Long Term Incentive Plan

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RNS Number : 1637E  Hutchmed (China) Limited  09 March 2022

Vesting of awards under the Long Term Incentive Plan

 

Hong Kong, Shanghai & Florham Park, NJ - Wednesday, March 9, 2022:
HUTCHMED (China) Limited ("HUTCHMED (https://www.hutch-med.com/) ")
(Nasdaq/AIM: HCM; SEHK:13) announces that following the announcement of the
2021 annual results of HUTCHMED on March 3, 2022, the following awards granted
under the Long Term Incentive Plan ("LTIP") on March 15, 2017 and April 20,
2020 to Dr Weiguo Su and Mr Johnny Cheng were vested on March 8, 2022:-

 

 Award Holders                                                                   Number of American depositary shares ("ADS")
 Person Discharging Managerial Responsibilities
 Dr Weiguo Su (Executive Director, Chief Executive Officer and Chief Scientific  18,770
 Officer)
 Mr Johnny Cheng (Executive Director and Chief Financial Officer)                4,198

 Total                                                                           22,968

 

The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation.

 

(a)  Dr Weiguo Su

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated

 a)   Name                                                          Dr Weiguo Su

 2    Reason for the notification

 a)   Position/status                                               Executive Director, Chief Executive Officer and Chief Scientific Officer

 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   ADS each representing five Ordinary Shares of US$0.10

      Identification code

                                                                    ADS ISIN: US44842L1035

 b)   Nature of the transaction                                     (i) Vesting of awards granted on March 15, 2017 under HUTCHMED's LTIP

                                                                    (ii) Vesting of awards granted on April 20, 2020 under HUTCHMED's LTIP

      Price(s)  Volume(s)
 c)   Price(s) and volume(s)                                        (i)   Nil       3,754 ADS
                                                                    (ii)  Nil       15,016 ADS

 d)   Aggregated information                                        N/A

      - Aggregated volume
      - Price

 e)   Date of the transaction                                       2022-03-08

 f)   Place of the transaction                                      Outside a trading venue

 

d)

 

Aggregated information

 -  Aggregated volume
 -  Price

 

N/A

 

e)

 

Date of the transaction

 

2022-03-08

 

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

(b)  Mr Johnny Cheng

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated

 a)   Name                                                          Mr Johnny Cheng

 2    Reason for the notification

 a)   Position/status                                               Executive Director and Chief Financial Officer

 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   ADS each representing five Ordinary Shares of US$0.10

      Identification code

                                                                    ADS ISIN: US44842L1035

 b)   Nature of the transaction                                     Vesting of awards granted on April 20, 2020 under HUTCHMED's LTIP

Price(s)  Volume(s)
 c)   Price(s) and volume(s)                                        Nil       4,198 ADS

 d)   Aggregated information                                        N/A

      - Aggregated volume
      - Price

 e)   Date of the transaction                                       2022-03-08

 f)   Place of the transaction                                      Outside a trading venue

 

d)

 

Aggregated information

 -  Aggregated volume
 -  Price

 

N/A

 

e)

 

Date of the transaction

 

2022-03-08

 

 

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 and global
development and commercialization of targeted therapies and immunotherapies
for the treatment of cancer and immunological diseases. It has more than 4,600
personnel across all its companies, at the center of which is a team of about
1,500 in oncology/immunology. Since inception it has advanced 12 cancer drug
candidates from in-house discovery into clinical studies around the world,
with its first three oncology drugs now approved and marketed in China. For
more information, please visit: www.hutch‑med.com
(https://www.hutch-med.com/) or follow us on LinkedIn
(https://www.linkedin.com/company/hutchmed/) .

 

CONTACTS
 Investor Enquiries
 Mark Lee, Senior Vice President    +852 2121 8200
 Annie Cheng, Vice President        +1 (973) 567 3786

 Media Enquiries
 Americas - Brad Miles,             +1 (917) 570 7340 (Mobile)

Solebury Trout                    bmiles@troutgroup.com (mailto:bmiles@troutgroup.com)
 Europe - Ben Atwell / Alex Shaw,   +44 20 3727 1030 / +44 7771 913 902 (Mobile) /

FTI Consulting                    +44 7779 545 055 (Mobile)
                                    HUTCHMED@fticonsulting.com (mailto:HUTCHMED@fticonsulting.com)
 Asia - Zhou Yi,                    +852 9783 6894 (Mobile)

Brunswick                         HUTCHMED@brunswickgroup.com (mailto:HUTCHMED@brunswickgroup.com)

 Nominated Advisor
 Atholl Tweedie / Freddy Crossley,  +44 (20) 7886 2500

Panmure Gordon (UK) Limited

 

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