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NMC Health Plc (NMC)

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Friday 15 March, 2019

NMC Health Plc

Grant of Options

RNS Number : 0663T
NMC Health Plc
15 March 2019
 

 

NMC Health plc

 

Grant of options

 

London, 15 March 2019: NMC Health plc ("NMC", the "Company" or the "Group"), the leading private healthcare operator in the Gulf Cooperation Council (GCC) with international services across 19 countries, announces that on 15 March 2019 it granted awards over a total of 237,538 Ordinary shares under its Long-Term Incentive Plan.

 

These awards, by way if nil-cost options, were made to Directors and PDMRs of the Company as follows:

 

Name of individual

Director / PDMR

Number of shares subject to award

Prasanth Manghat

Director

73,425

Khalifa Bin Butti

Director

43,846

Hani Buttikhi

Director

32,369

Prasanth Shenoy

PDMR

26,003

Michael Davis

PDMR

19,502

Dr. Chandrakumari Shetty

PDMR

26,913

Simon Watkins

PDMR

15,480

 

The vesting of all the awards granted under the LTIP referred to above are subject to the achievement of performance targets relating to the Company's EBITDA growth and total shareholder return (relative to a comparator group) over a three-year performance period. 

 

In addition, the vesting of all the awards granted will be subject to performance against an additional underpin capturing the conversion of EBITDA to net income to provide shareholders with an aggregate view on earnings, cash flow, and capital efficiency. Failure to meet the underpin will reduce the proportion of these LTIP awards vesting by 50%. The awards are also granted subject to an additional holding period of two years applying after any vesting of the awards during which award holders cannot exercise vested awards.

 

This notification is made in accordance with the Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mr Prasanth Manghat

Mr Khalifa Bin Butti

Mr Hani Buttikhi

Mr Prashanth Shenoy

Mr Michael Davis

Dr Chandrakumari Shetty

Mr Simon Watkins

2

Reason for the notification

a)

Position/status

Directors and PDMRs of the Company

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NMC Health plc

b)

LEI

2138008YQEVWBE1V2M52

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

Options over Ordinary Shares

 

 

ISIN: GB00B7FC0762

 

b)

Nature of the transaction

Grant of nil-cost options

 

c)

Price(s) and volume(s)

 Price

No. of shares

0p

73,425

0p

43,846

0p

32,369

0p

26,003

0p

19,502

0p

26,913

0p

15,480

 

d)

Aggregated information

- volume

- Price

- Total

N/A

 

 

 

e)

Date of the transaction

15 March 2019

f)

Place of the transaction

Not on a trading venue

 

Contacts

 

NMC

 

Simon Watkins, Group Company Secretary

+44 (0)20 3205 7313

 

 

Media

 

FTI Consulting, London

 

Brett Pollard

+44 (0)20 3727 1100

 

 

FTI Consulting, Gulf

 

Shane Dolan

+971 (0)4 437 2100

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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