8 May 2013 09:21
NMC Health plc
NOTIFICATION MADE IN ACCORDANCE WITH RULE 9.6.16 OF THE LISTING RULES AND RULE 3.1.4 (1) (a) OF THE DISCLOSURE AND TRANSPARENCY RULES
London, 8 May 2013: NMC Health plc (LSE:NMC) ('NMC') received notification on 7 May 2013 from Mr. Khalifa Bin Butti, Executive Vice Chairman of the Company, that he has offered his 19,059,842 shares in NMC (the "Shares") as collateral in relation to a loan (the "Loan") provided to him by United Arab Bank PJSC ("UAB"). Mr. Bin Butti has notified NMC that, in order to allow this collateral to be given, he has been granted exemptions by Deutsche Bank AG, London branch, Numis Securities Limited and SHUAA Capital PSC from the lock-up arrangements he entered into with these parties with respect to his interests in shares in NMC. These lock-up arrangements were provided in connection with the offering of shares in NMC in April 2012.
Following the granting of these exemptions, the Shares have been released from the lock-up arrangements and used as security by Mr Bin Butti in relation to the Loan. As a result of this arrangement, UAB holds a charge over the Shares. Arrangements have been put in place with UAB, the result of which is that the Shares effectively remain subject to the original terms of the lock-up. Mr Bin Butti retains the voting rights over the Shares.
To the extent that the security over the Shares in favour of UAB is released, the Shares will then continue to be subject to the lock-up arrangements (to the extent that these arrangements remain in force at that time).
ENDS
Contacts
NMC
Simon Watkins, Group Company Secretary +971 50 443 9046