Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNMC.L Share News (NMC)

  • There is currently no data for NMC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

NMC Health Unit To Cancel USD90 Million In Bonds Bought Back

Mon, 23rd Dec 2019 11:37

(Alliance News) - NMC Health PLC on Monday said a subsidiary has settled in full USD90 million of convertible bonds, using internal cash resources.

NMC subsidiary NMC Health Jersey Ltd on Monday last week invited holders of its senior unsecured guaranteed 1.875% convertible bonds due 2025 to tender up to USD90 million of the USD450 million outstanding principal amount. All USD90 million worth of the bonds were tendered.

The stock was 32% higher in London in morning trade at 1,711.10 pence a share.

The FTSE 100-listed healthcare company intends to cancel the bonds bought back "as soon as possible".

Barclays and JP Morgan Cazenove acted as dealer managers in respect of the transaction, NMC said.

Earlier Monday, Muddy Waters Capital LLC called NMC's response to claims made about the company by the shortseller as "misleading".

Last week, Muddy Waters said it had "serious" doubts over NMC's financial statements, including cash reserves, profitability, and debt levels.

NMC responded on Monday, saying it was disappointed with a share price reaction. Despite being sharply higher Monday, it is significantly lower than where it was trading prior to Muddy Waters's attack. An independent review has been set up to look into the claims.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
17 Feb 2020 07:43

LONDON MARKET PRE-OPEN: NMC Founder Shetty Resigns As Joint Co-Chair

LONDON MARKET PRE-OPEN: NMC Founder Shetty Resigns As Joint Co-Chair

Read more
17 Feb 2020 07:02

NMC founder Shetty quits over share reporting scandal

(Sharecast News) - Indian billionaire BR Shetty has resigned as a director and co-chair of Middle East healthcare firm NMC Health as the crisis from the unreported share transaction scandal at the company deepened.

Read more
14 Feb 2020 17:03

LONDON MARKET CLOSE: Stocks Mixed As Coronavirus Fears Linger

LONDON MARKET CLOSE: Stocks Mixed As Coronavirus Fears Linger

Read more
14 Feb 2020 14:33

UPDATE: NMC Health Seeks Shareholding Clarifications From Investors

UPDATE: NMC Health Seeks Shareholding Clarifications From Investors

Read more
14 Feb 2020 09:00

Suspended NMC Health Vice Chair Khalifa Butti Omeir Bin Yousef Resigns

Suspended NMC Health Vice Chair Khalifa Butti Omeir Bin Yousef Resigns

Read more
14 Feb 2020 08:23

NMC Health investor Bin Yousef quits board

(Sharecast News) - One of NMC Health's biggest shareholders has resigned from the board of the embattled United Arab Emirates healthcare group.

Read more
12 Feb 2020 17:03

LONDON MARKET CLOSE: Stocks Up As Rate Of Coronavirus Infections Slow

LONDON MARKET CLOSE: Stocks Up As Rate Of Coronavirus Infections Slow

Read more
12 Feb 2020 12:12

NMC Health rallies as investor finds PE firm interested in strategic stake

(Sharecast News) - Shares of NMC Health surged on Wednesday after shareholder Krupa Global Investments (KGI) said a healthcare group in Central and Eastern Europe was interested in taking a strategic stake in the UAE private healthcare provider.

Read more
11 Feb 2020 17:04

LONDON MARKET CLOSE: FTSE 100 Lifted By Risk-On Mood And Travel Stocks

LONDON MARKET CLOSE: FTSE 100 Lifted By Risk-On Mood And Travel Stocks

Read more
11 Feb 2020 11:58

LONDON MARKET MIDDAY: TUI Helps FTSE Take Off; Pound Firm After UK GDP

LONDON MARKET MIDDAY: TUI Helps FTSE Take Off; Pound Firm After UK GDP

Read more
11 Feb 2020 10:30

UK WINNERS & LOSERS SUMMARY: NMC Health Falls After KKR Drops Interest

UK WINNERS & LOSERS SUMMARY: NMC Health Falls After KKR Drops Interest

Read more
11 Feb 2020 10:13

UPDATE: GKSD Mulls Bid For NMC As KKR Says No Intention To Make Offer

UPDATE: GKSD Mulls Bid For NMC As KKR Says No Intention To Make Offer

Read more
11 Feb 2020 08:31

TOP NEWS: GKSD Investment Confirms Bid Approach For NMC Health

TOP NEWS: GKSD Investment Confirms Bid Approach For NMC Health

Read more
11 Feb 2020 07:45

LONDON MARKET PRE-OPEN: Andover Fire Singes Ocado's 2019 Earnings

LONDON MARKET PRE-OPEN: Andover Fire Singes Ocado's 2019 Earnings

Read more
10 Feb 2020 16:54

LONDON MARKET CLOSE: Lower Close As Pound Rebounds Ahead Of GDP Data

LONDON MARKET CLOSE: Lower Close As Pound Rebounds Ahead Of GDP Data

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.