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.
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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.
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Norcros (NXR)
Director name: Mr Martin Payne
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TR European Growth Trust (TRG)
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Director name: Mr Frank Martin
Amount sold: 13,871 @ 78,500.00p
Value: £10,888,735
Hikma Pharmaceuticals (HIK)
Director name: Mr Said Darwazah
Amount sold: 195,447 @ 649.00p
Value: £1,268,451
Hammerson (HMSO)
Director name: Mr Timon Drakesmith
Amount sold: 134,679 @ 431.26p
Value: £580,817
Tate & Lyle (TATE)
Director name: Mr Robert Gibber
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RIT Capital Partners (RCP)
Director name: Mr Mikael Breuer-Weil
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Director name: Mr Victor Semionov
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Invensys (ISYS)
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