(Alliance News) - NMC Health PLC, which came under attack this week from a US short seller, said Lord Clanwilliam bought GBP24.7 million in shares on Friday.
The independent non-executive director bought 1,700 shares at GBP14.50. The stock was down 18% on Friday at 1,255.00 pence, having more than halved in value this week.
NMC shares dropped on Tuesday after short selling firm Muddy Waters Capital LLC said it had shorted the stock, commenting: "We have serious doubts about the company's financial statements, including its asset values, cash balance, reported profit, and reported debt levels."
NMC on Thursday hit back saying the Muddy Waters report was "false" and "misleading".
NMC said Lord Clanwilliam holds 8,360 shares, about 0.004% of the total, following his purchase Friday.
By Tom Waite; thomaslwaite@alliancenews.com
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