Press coverage19 Feb 2020 10:59
FTSE 100 - LOSERS
NMC Health, down 4.5%. The embattled private healthcare company said late Tuesday it will "urgently seek clarity" about its former chair's "shareholding arrangements" after it received notice that his investment company sold GBP111.8 million worth of shares across a series of transactions earlier in February. Bavaguthu Raghuram Shetty, founder of the Abu Dhabi-focused hospital group, resigned as non-executive chair on Monday. He had been banned from attending board meetings for inaccurately reporting shareholdings in the company. Across six transactions between February 3 and February 6, BRS International Holding, which Shetty is the sole shareholder of, sold 10.9 million NMC shares for GBP111.8 million, according to an automatically generated statement received by NMC on Sunday.