very good news!17 Feb 2020 09:29
Mr Shetty said in a statement to The National he resigned from the board of directors of the company to allow it to fully execute its governance and other responsibilities, in "as efficient a manner as possible".
“As you will have seen from recent market disclosures, we have initiated a full legal review of our shareholdings in NMC Health in order to provide greater clarity and transparency to the market, as well as to our other stakeholders.
“In order to assist us and expedite the completion of this process, we have engaged third-party legal and financial advisers. We are also in consultation with the appropriate regulatory authorities in the UK,” he said.
“During this review process, we will continue to disclose information to the market in as timely a fashion as possible.
Mr Buttikhi told the board "given his connection to shareholders who had nominated him ... he felt that it was appropriate that he step down", as a result of the recent disclosures.
Mr Basaddiq said "he had no knowledge of any possible transfer of ownership of shares between the principal shareholders in May 2017, nor in relation to some unreported pledges and/or other securitisation of shares by the principal shareholders".