Full Press Release Details
Exercise of Share Options by a Director
Hong Kong, Shanghai & Florham Park, NJ - Monday, August 7, 2023: HUTCHMED (China) Limited ("HUTCHMED" or the "Company") (Nasdaq/AIM: HCM, HKEX: 13) today announces that it has issued a total of 3,000,000 ordinary shares of US$0.10 each ("Ordinary Shares") following the exercise of share options by Dr Weiguo Su, Executive Director, Chief Executive Officer and Chief Scientific Officer, at an exercise price of GBP1.97 per Ordinary Share on August 7, 2023 (the "Exercise of Options").
Following the Exercise of Options, Dr Su is beneficially interested in 5,000,000 Ordinary Shares Note 1 and 632,505 American Depositary Shares ("ADSs") Note 2, representing 0.94% of the current issued share capital of the Company.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
| 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 Identification code | Ordinary Shares of US$0.10 each DI ISIN: KYG4672N1198 |
| b) | Nature of the transaction | Exercise of share options for 3,000,000 Ordinary Shares on August 7, 2023 at exercise price of GBP1.97 per Ordinary Share |
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| GBP1.97 | 3,000,000 | ||||
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: 3,000,000 Ordinary Shares Price information: GBP5,910,000 | |||
| e) | Date of the transaction | 2023-08-07 | |||
| f) | Place of the transaction | Outside a trading venue |
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. For further discussion of these and other risks, see HUTCHMED's filings with the U.S. Securities and Exchange Commission, on AIM and on HKEX. HUTCHMED undertakes no obligation to update or revise the information contained in this announcement, whether as a result of new information, future events or circumstances or otherwise.
| Investor Enquiries | |
| Mark Lee, Senior Vice President | +852 2121 8200 |
| Annie Cheng, Vice President | +1 (973) 306 4490 |
| Media Enquiries | |
| Americas - Brad Miles, Solebury Strategic Communications | +1 (917) 570 7340 (Mobile) / bmiles@s oleburystrat .com |
| Europe - Ben Atwell / Alex Shaw, FTI Consulting | +44 20 3727 1030 / +44 7771 913 902 (Mobile) / +44 7779 545 055 (Mobile) / HUTCHMED@fticonsulting.com |
| Asia - Zhou Yi, Brunswick | +852 9783 6894 (Mobile) / HUTCHMED@brunswickgroup.com |
| Nominated Advisor | |
| Atholl Tweedie / Freddy Crossley / Daphne Zhang, Panmure Gordon | +44 (20) 7886 2500 |