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    Hutchison China Meditech Announces Director's Share Dealing

    Chelsea Pratt
    Oct. 12, 2016 12:17AM PST
    Biotech Investing

    Hutchison China MediTech has received notification that Mr Michael Howell, Independent Non-executive Director, has sold 15,000 ordinary shares of US$1.00 each in Chi-Med (the “Ordinary Shares”) at a price of GBP17.90 per share on October 7, 2016.

    Hutchison China MediTech Limited (“Chi-Med”) (AIM/Nasdaq: HCM) has received notification that Mr Michael Howell, Independent Non-executive Director, has sold 15,000 ordinary shares of US$1.00 each in Chi-Med (the “Ordinary Shares”) at a price of GBP17.90 per share on October 7, 2016.
    Following the above transaction, the holding of Mr Howell is 138,600 Ordinary Shares, representing approximately 0.23% of the current issued share capital of Chi-Med.
    The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
    1Details of the person discharging managerial responsibilities/person closely associated
    a)NameMr Michael Howell
    2Reason for the notification
    a)Position/statusIndependent Non-executive Director of Chi-Med
    b)Initial notification/AmendmentInitial notification
    3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a)NameHutchison China MediTech Limited
    b)LEIN/A
    4Details 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$1.00 each DI ISIN: KYG4672N1016 ADS ISIN: US44842L1035
    b)Nature of the transactionSale of 15,000 Ordinary Shares on October 7, 2016 at a price of GBP17.90
    c)Price(s) and volume(s)
    Price(s)Volume(s)
    GBP17.9015,000
    d)Aggregated informationN/A
     – Aggregated volume
     – Price
    e)Date of the transaction2016-10-07
    f)Place of the transactionLondon Stock Exchange (XLON)

    NOTES TO EDITORS
    About Chi-Med
    Chi-Med is an innovative biopharmaceutical company which researches, develops, manufactures and sells pharmaceuticals and healthcare products. Its Innovation Platform, Hutchison MediPharma Limited, focuses on discovering and developing innovative therapeutics in oncology and autoimmune diseases for the global market. Its Commercial Platform manufactures, markets, and distributes prescription drugs and consumer health products in China.
    Chi-Med is majority owned by the multinational conglomerate CK Hutchison Holdings Limited (SEHK: 0001). For more information, please visit: www.chi-med.com.
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