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NMC Health Plc (NMC)

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Wednesday 08 January, 2020

NMC Health Plc

KBBO Pricing Announcement

RNS Number : 1376Z
NMC Health Plc
08 January 2020
 

 

8 January 2020

 

NMC Health plc

(the "Company" or "NMC")

 

KBBO pricing announcement

 

NMC Health plc ("NMC" or the "Company") notes the pricing announcement issued this morning in connection to the sale of shares in NMC beneficially owned by H.E. Mr Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Mr Khaleefa Butti Omair Yousif Ahmed Al Muhairi ("Mr Khalifa Bin Butti").  NMC recognises that the motivation for the transaction, as made clear in the launch statement of 7 January 2020, pertains only to the means of financing the investors' shareholdings and not to the Company's operating performance nor long-term prospects.

 

H.E. Mr Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Mr Khalifa Bin Butti remain supportive and long-term investors in NMC.

 

Contacts

 

NMC

 

Asjad Yahya, Investor Relations

+971 (0)56 219 0975



Media


FTI Consulting, London


Edward Bridges / Simon Conway / Victoria Foster Mitchell

+44 (0)20 3727 1000



FTI Consulting, Gulf


Shane Dolan

+971 (0)4 437 2100

 

 

About NMC Health

 

NMC is one of the leading private healthcare operators in the Gulf Cooperation Council ("GCC") with an international network of multi-specialty inpatient and outpatient clinics and hospitals, specialized maternity and fertility clinics, and long-term care homes hospitals across nineteen countries. NMC also ranks as one of the top two in-vitro fertilisation operators globally. The NMC Health group is recognised as a leading provider of long-term medical care in the UAE through its subsidiary ProVita. Pursing a selective international expansion programme since 2016, NMC has total capacity of 2,207 licensed beds across its network. Moreover, the recent formation of a joint venture with GOSI/Hassana Investment Company provides a solid platform for continued growth in the GCC region's largest healthcare market. The NMC Health group treated over 7.5 million patients in 2018. The NMC Health group is also a leading UAE supplier of products and consumables coming from healthcare related products. NMC reported revenues of US$2.1 billion for the year ended 31 December 2018.

 

In April 2012, NMC was listed on the Premium Segment of the London Stock Exchange. NMC is a constituent of the FTSE 100 Index.


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