TIDMHCM

RNS Number : 1069R

Hutchmed (China) Limited

24 October 2023

Vesting of awards under the Long Term Incentive Plan

Hong Kong, Shanghai & Florham Park, NJ - Tuesday, October 24, 2023: 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, 2023:-

 
                                                 Number of American depositary 
Award Holder                                      shares ("ADS") 
----------------------------------------------   ----------------------------- 
 
Mr Simon To (Executive Director)                 1,938 (1) 
Dr Dan Eldar (Non-executive Director ("NED"))    1,938 
Ms Edith Shih (NED)                              1,938 ( (2 ) 
Mr Paul Carter (Independent Non-executive 
 Director ("INED"))                              1,647 ( (3 ) 
Mr Graeme Jack (INED)                            1,938 
Professor Tony Mok (INED)                        1,938 
 

Notes:

(1) Similar to the arrangement for his Director's fees, these ADSs were not received by Mr Simon To, but were received by or for the account of his employer, Hutchison Whampoa (China) Limited.

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

(3) 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, 2023) 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.

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         ADS each representing five Ordinary Shares of 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on October 20, 2021 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        1,938 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2023-10-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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         ADS each representing five Ordinary Shares of 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on October 20, 2021 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        1,647 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2023-10-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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         ADS each representing five Ordinary Shares of 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on October 20, 2021 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        1,938 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2023-10-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   f)      Place of the transaction                                 Outside a trading venue 
        -------------------------------------------------------  ----------------------------------------------------- 
 

(e) 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         ADS each representing five Ordinary Shares of 
          instrument                                               US$0.10 
 
          Identification code 
 
                                                                   ADS ISIN: US44842L1035 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   b)      Nature of the transaction                               Vesting of awards granted on October 20, 2021 under 
                                                                   HUTCHMED's LTIP 
        -------------------------------------------------------  ----------------------------------------------------- 
                                                                    Price(s)   Volume(s) 
   c)      Price(s) and volume(s)                                    Nil        1,938 ADS 
                                                                               ---------- 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   d)      Aggregated information                                   N/A 
           -  Aggregated volume 
           -  Price 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   e)      Date of the transaction                                  2023-10-20 
        -------------------------------------------------------  ----------------------------------------------------- 
 
   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 and 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 it has focused on bringing cancer drug candidates from in-house discovery to patients around the world, with its first three oncology drugs now approved and marketed in China. For more information, please visit: www.hutch--med.com or follow us on LinkedIn.

CONTACTS

 
Investor Enquiries                                           +852 2121 8200 / +1 973 306 4490 / 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 / Daphne Zhang, Panmure 
   Gordon                                                    +44 (20) 7886 2500 
 

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END

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October 24, 2023 04:30 ET (08:30 GMT)

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