16 Nov 2015 12:32
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE CODE).
For immediate release
16 November 2015
NMC Health plc ("NMC") announces it does not intend to make an offer for Al Noor Hospitals Group plc ("Al Noor")
On 9 October 2015, NMC confirmed that it had approached the Board of Directors of Al Noor regarding a possible cash and share offer for the entire issued and to be issued share capital of Al Noor.
After a thorough assessment of the opportunity, NMC has concluded that the potential transaction would not deliver sufficient returns or shareholder value in line with its stated policy, and accordingly NMC now confirms that it does not intend to make an offer for Al Noor.
NMC remains committed to enhancing returns to its shareholders through its focused strategic plan.
This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement, NMC will, except with the consent of the UK Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 2.8 of the Code.
Enquiries:
NMC Health plc
Roy Cherry, Head of Strategy & Investor Relations, Tel: +971 50 667 0184
FTI Consulting, London
Matthew Cole, Tel: +44 20 3727 1101
FTI Consulting, Gulf
Shane Dolan, Tel: +971 04 437 2100