LONDON (ShareCast) - 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 Buys

New Europe Property Investments (NEPI)
Director name: Mr Corneliu-Dan Pascariu
Amount purchased: 131,500 @ € 3.50
Value: € 460,250

Ruspetro (RPO)
Director name: Mr Christopher Clark
Amount purchased: 100,000 @ 134.00p
Value: £134,000

Jupiter Energy Ltd (JPRL)
Director name: Mr Alastair Beardsall
Amount purchased: 333,333 @ 28.15p
Value: £93,833

KBC Advanced Technologies (KBC)
Director name: Mr Ian Godden
Amount purchased: 80,000 @ 73.25p
Value: £58,600

KBC Advanced Technologies (KBC)
Director name: Mr Michael Peter Kirk
Amount purchased: 70,000 @ 73.25p
Value: £51,275

Helius Energy (HEGY)
Director name: Mr Angus MacDonald OBE
Amount purchased: 250,000 @ 16.50p
Value: £41,250

Helius Energy (HEGY)
Director name: Mr Angus MacDonald OBE
Amount purchased: 250,000 @ 16.50p
Value: £41,250

Norcros (NXR)
Director name: Mr Martin Payne
Amount purchased: 300,000 @ 11.96p
Value: £35,880

TR European Growth Trust (TRG)
Director name: Mr Christopher Casey
Amount purchased: 6,000 @ 287.12p
Value: £17,227

Ncondezi Coal Co Ltd. (DI) (NCCL)
Director name: Mr Graham Edward Mascall
Amount purchased: 50,000 @ 30.50p
Value: £15,250


Top Director Sells

Hornby (HRN)
Director name: Mr Frank Martin
Amount sold: 13,871 @ 78.5p
Value: £10,889

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
Amount sold: 66,627 @ 634.41p
Value: £422,688

RIT Capital Partners (RCP)
Director name: Mr Mikael Breuer-Weil
Amount sold: 30,450 @ 1,230.73p
Value: £374,757

KBC Advanced Technologies (KBC)
Director name: Mr Nicholas Stone
Amount sold: 349,609 @ 73.25p
Value: £256,089

New Europe Property Investments (NEPI)
Director name: Mr Victor Semionov
Amount sold: 50,000 @ € 3.50
Value: € 175,000

Invensys (ISYS)
Director name: Ms Victoria Hull
Amount sold: 15,330 @ 201.06p
Value: £30,822

S & U (SUS)
Director name: Mr Guy Thompson
Amount sold: 2,000 @ 835.00p
Value: £16,700

BC

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE