Mediclinic International plc Directorate Change (6305G)

TIDMMDC

RNS Number : 6305G

Mediclinic International plc

27 July 2021

Mediclinic International plc

(Incorporated in England and Wales)

Company Number: 08338604

LSE Share Code: MDC

JSE Share Code: MEI

NSX Share Code: MEP

ISIN: GB00B8HX8Z88

LEI: 2138002S5BSBIZTD5I60

(" Mediclinic ", or the " Company " or the "Group")

27 July 2021

NEW DIRECTOR APPOINTMENTS AND CHANGES TO BOARD COMMITTEES

Mediclinic, a leading diversified international private healthcare services group, announces the appointment of two new independent non-executive directors: Natalia Barsegiyan and Zarina Bassa .

Dame Inga Beale, Chair of Mediclinic, commented: "The Board is delighted to welcome Natalia and Zarina as independent non-executive directors of the Company. Each will bring significant and diverse skills and experience, complementing those of existing Board members. I am confident they will both be great additions to our Board of Directors."

Natalia Barsegiyan is currently a non-executive director of Domino's Pizza Group plc, the FTSE 250 digitally-enabled, quick service international restaurant group and is a member of their Audit Committee. She also acts as an adviser to Kharis Capital, a private equity firm based in Belgium. Prior to this, the majority of Natalia's career was with the US group Yum! Brands, Inc., owner of a portfolio of many well-known brands such as KFC, Pizza Hut and Taco Bell, where she served as Chief Commercial Officer of the Group and then Chief Financial Officer of Taco Bell. Her appointment as a director of Mediclinic will become effective on 1 August 2021. Natalia will bring a strong finance background with a commercial and strategic focus, an in-depth understanding of the use of data analytics to support transformation and broad international experience, having lived and worked across the US, Europe, Russia and the UK.

Zarina Bassa is currently the senior independent director of Investec plc and Investec Ltd, the specialist banking and wealth management group with a dual listed company structure and listings on the London and Johannesburg Stock Exchanges; lead independent director of Woolworths Holdings Ltd; and non-executive director of JSE Ltd and Oceana Group Ltd (the last three all being South African companies with a listing on the Johannesburg Stock Exchange). Zarina has stepped down today as Chair of Yebo Yethu Ltd and previously served as a non-executive director at several other companies including Kumba Iron Ore Ltd; Mercedes Benz SA Ltd; Sun International Ltd; Vodacom South Africa Proprietary Limited; the South African Institute of Chartered Accountants; and the Financial Services Board. Prior to that, she was a partner of Ernst & Young Inc. and then joined the Absa Group in 2002, where she served as an executive director of Absa Bank, a member of the group's executive committee, and Head of the Private Bank. Zarina's appointment as a director of Mediclinic will become effective on 1 February 2022. The Board of Mediclinic has carefully considered Zarina's existing time commitments and is satisfied that she will have sufficient time to dedicate to fulfil her responsibilities to the Group. She will contribute strategic and operational experience in complex, regulated environments, a strong financial and accounting background, and diverse experience in listed companies across a breadth of sectors and jurisdictions.

CHANGES TO BOARD COMMITTEES

Following a review of the Board Committee structure and responsibilities, the Board has decided to separate the responsibilities of the Clinical Performance and Sustainability Committee, to allow for more time to dedicate to the oversight of these key aspects of the Group's strategy and operations. Accordingly, with effect from 1 September 2021:

   -- the Clinical Performance and Sustainability Committee will become a focused Clinical Performance Committee. There 
      will be no change in its composition; and 
 
   -- a new Environmental, Social and Governance Committee will be established, chaired by Dame Inga, with other 
      members comprising: Dr Ronnie van der Merwe, Natalia Barsegiyan, Dr Felicity Harvey and Danie Meintjes. 

In addition:

   -- Natalia Barsegiyan will also join the Audit and Risk Committee upon her appointment as a non-executive director; 
 
   -- Zarina Bassa will join the Audit and Risk and Remuneration Committees when her appointment as non-executive 
      director becomes effective; 
 
   -- Dr Muhadditha Al Hashimi will join the Remuneration Committee on 13 September 2021; and 
 
   -- Tom Singer will join the Investment Committee on 13 September 2021. 

Other changes to roles and responsibilities of other directors will also proceed as announced by the Company on 26 May 2021.

This announcement is made in accordance with the requirement of LR 9.6.11. There are no disclosures required pursuant to paragraphs (1) to (6) of LR 9.6.13 R of the United Kingdom Listing Authority's Listing Rules in respect of these appointments.

About Mediclinic International plc

Mediclinic is a diversified international private healthcare services group, established in South Africa in 1983, with divisions in Switzerland, Southern Africa (South Africa and Namibia) and the United Arab Emirates ("UAE").

The Group's core purpose is to enhance the quality of life.

Its vision is to be the partner of choice that people trust for all their healthcare needs.

Mediclinic is focused on providing specialist-orientated, multi-disciplinary services across the continuum of care in such a way that the Group will be regarded as the most respected and trusted provider of healthcare services by patients, medical practitioners, funders and regulators of healthcare in each of its markets.

At 1 July 2021, Mediclinic comprised 74 hospitals, five subacute hospitals, two mental health facilities, 18 day case clinics and 18 outpatient clinics. Hirslanden operated 17 hospitals and four day case clinics in Switzerland with more than 1 900 inpatient beds; Mediclinic Southern Africa operations included 50 hospitals (three of which in Namibia), five sub-acute hospitals, two mental health facilities and 12 day case clinics (four of which operated by Intercare) across South Africa, and around 8 600 inpatient beds; and Mediclinic Middle East operated seven hospitals, two day case clinics and 18 outpatient clinics with more than 900 inpatient beds in the UAE. In addition, under management contracts, Mediclinic Middle East operates one hospital in Abu Dhabi and will open a 200-bed hospital in the Kingdom of Saudi Arabia in mid-2022.

The Company's primary listing is on the LSE in the UK, with secondary listings on the JSE in South Africa and the Namibian Stock Exchange in Namibia.

Mediclinic also holds a 29.9% interest in Spire Healthcare Group plc, a leading private healthcare group based in the United Kingdom and listed on the LSE.

For further information, please contact:

Company Secretary, Link Company Matters Limited

Caroline Emmet

[phone]

Investor Relations, Mediclinic International plc

James Arnold, Head of Investor Relations

[e-mail]

[phone]

Media queries

FTI Consulting

Ben Atwell/Ciara Martin - United Kingdom

[phone]

Sherryn Schooling - South Africa

[phone]

Registered address: 6(th) Floor, 65 Gresham Street, London, EC2V 7NQ, United Kingdom

Website: www.mediclinic.com

Corporate broker (United Kingdom): Morgan Stanley & Co International plc and UBS Investment Bank

JSE sponsor (South Africa): Rand Merchant Bank (A division of FirstRand Bank Limited)

NSX sponsor (Namibia): Simonis Storm Securities (Pty) Ltd

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July 27, 2021 09:00 ET (13:00 GMT)