-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OONrlm+sV96RgHn0EhLnmr1naPjtnYfD+RD0c7C9Ibej42NVRGsS8IR17ssfqv5L sSkPsW8sK19c/KhMYpf6QQ== 0000950162-02-001481.txt : 20021029 0000950162-02-001481.hdr.sgml : 20021029 20021029143005 ACCESSION NUMBER: 0000950162-02-001481 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021029 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHIRE PHARMACEUTICALS GROUP PLC CENTRAL INDEX KEY: 0000936402 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29630 FILM NUMBER: 02801219 BUSINESS ADDRESS: STREET 1: HAMPSHIRE INTL BUSINESS PARK STREET 2: CHINEHAM BASINGSTOKE CITY: HAMPSHIRE ENGLAND RG STATE: X0 BUSINESS PHONE: 1264333455 MAIL ADDRESS: STREET 1: HAMPSHIRE INTL BUSINESS PARK STREET 2: CHINEHAM BASINGSTOKE CITY: HAMPSHIRE ENGLAND RG STATE: X0 8-K 1 shire2nd8k102902.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 29, 2002 Shire Pharmaceuticals Group plc - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) England and Wales - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-29630 98-0359573 - ------------------------------------ ------------------------------------- (Commission File Number) (IRS Employer Identification No.) Hampshire International Business Park, Chineham, Basingstoke, Hampshire RG24 8EP England - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code 44 1256 894 000 ------------------------------ - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events Shire Pharmaceuticals Group plc has issued the press release attached as Exhibit 99.1 and incorporated by reference herein. Item 7. Financial Statements and Exhibits (c) Exhibits. The following exhibit is filed herewith: 99.1 Press Release dated October 29, 2002 -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 29, 2002 SHIRE PHARMACEUTICALS GROUP PLC By: /s/ Angus Charles Russell ------------------------------------------- Name: Angus Charles Russell Title: Group Finance Director EXHIBIT INDEX Number Description 99.1 Press Release dated October 29, 2002 EX-99.1 3 shire2nd8k102902ex.txt PRESS RELEASE Shire Pharmaceuticals Group plc Hampshire International Business Park, Chineham, Basingstoke RG24 8EP UK Tel +44 1256 894000 Fax +44 1256 894708 http://www.shire.com For Immediate Release Shire Chief Executive Stahel to Leave; Will Remain In Post Until Successor Is Found Global Search for Candidate to Begin Immediately BASINGSTOKE, UK - 29th October 2002 - Shire Pharmaceuticals Group PLC (LSE: SHP, NASDAQ ADR: SHPGY, TSX: SHQ) today announced that Rolf Stahel will leave the board, and the company, as soon as a successor is found. The Board will commence a global search for a new chief executive immediately. "Shire's future prospects are strong," Mr. Stahel said. "After leading six mergers and acquisitions and with the successful launch of Adderall XR this year, I now believe this is the right time to prepare to hand the company over to a successor." Acknowledging Mr. Stahel's contributions, Dr. James Cavanaugh, chairman, said, "The Board is grateful for Rolf's nearly nine years of service during the period when the company grew from $3 million of annual sales to $878 million at the end of 2001, and today's market capitalisation of nearly $4 billion. Shire now is poised for a new chapter of growth. "Shire has a strong product pipeline, a deep and capable management team, a highly skilled R&D staff and a first-rate sales force, so we are quite optimistic that we will have a new CEO in place early next year. In the meantime, we will continue to execute our strategic plan," Dr. Cavanaugh said. Revenue and earnings guidance reiterated Shire reiterates its prior revenue and earnings guidance last provided on 1 August 2002, which is repeated below: Full year 2002: Shire is currently likely to deliver total revenue growth in the mid to high teens and mid to high single digit earnings growth compared to 2001. Operating margin is still forecast to be at the upper end of Shire's stated target range of 25-30%. Assuming the anticipated continued success of ADDERALL XR and the potential launch and roll out of FOSRENOL in European and US markets, subject to regulatory approvals, as well as growth from other significant sources of revenue, Shire continues to remain confident that it can deliver good growth in 2003. Shire will announce its Q3 results on 6 November 2002. Mr. Stahel, 58 years old, joined Shire in March 1994, as chief executive. Under Mr. Stahel, the company made several strategic acquisitions, launched major new products and dramatically enlarged Shire and positioned it in new markets. Ends
Media Enquiries Shire: Hullin Metz: Jessica Mann - Media +44 1256 894280 Susan Hullin: +1 212 752 1044 Financial Dynamics: Chancery Communications: Tim Spratt: +44 207 269 713 David Waller: +44 207 2696940
Investor Relations Shire: Angus Russell: 01256 894127 Shire Pharmaceuticals Group plc Shire Pharmaceuticals Group plc (Shire) is a rapidly growing international specialty pharmaceutical company with a strategic focus on three therapeutic areas - central nervous system disorders (CNS), oncology and anti-infectives. Shire also has two platform technologies: advanced drug delivery and Biologics. Shire's core strategy is based on research and development combined with in-licensing and a focus on eight key pharmaceutical markets. THE "SAFE HARBOUR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. The statements in this press release that are not historical facts are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event that such risks or uncertainties materialise, Shire's results could be materially affected. The risks and uncertainties include, but are not limited to, risks associated with the inherent uncertainty of pharmaceutical research, product development and commercialisation, the impact of competitive products, patents, government regulation and approval, and other risks and uncertainties detailed from time to time in periodic reports produced by Shire, including the Annual Report filed on Form 10K by Shire with the Securities and Exchange Commission.
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