NMC Health Plc Grant of Options (0663T)

TIDMNMC

RNS Number : 0663T

NMC Health Plc

15 March 2019

NMC Health plc

Grant of options

London, 15 March 2019: NMC Health plc ("NMC", the "Company" or the "Group"), the leading private healthcare operator in the Gulf Cooperation Council (GCC) with international services across 19 countries, announces that on 15 March 2019 it granted awards over a total of 237,538 Ordinary shares under its Long-Term Incentive Plan.

These awards, by way if nil-cost options, were made to Directors and PDMRs of the Company as follows:

 
 Name of individual          Director / PDMR    Number of shares subject to award 
 Prasanth Manghat            Director           73,425 
                            -----------------  ---------------------------------- 
 Khalifa Bin Butti           Director           43,846 
                            -----------------  ---------------------------------- 
 Hani Buttikhi               Director           32,369 
                            -----------------  ---------------------------------- 
 Prasanth Shenoy             PDMR               26,003 
                            -----------------  ---------------------------------- 
 Michael Davis               PDMR               19,502 
                            -----------------  ---------------------------------- 
 Dr. Chandrakumari Shetty    PDMR               26,913 
                            -----------------  ---------------------------------- 
 Simon Watkins               PDMR               15,480 
                            -----------------  ---------------------------------- 
 

The vesting of all the awards granted under the LTIP referred to above are subject to the achievement of performance targets relating to the Company's EBITDA growth and total shareholder return (relative to a comparator group) over a three-year performance period.

In addition, the vesting of all the awards granted will be subject to performance against an additional underpin capturing the conversion of EBITDA to net income to provide shareholders with an aggregate view on earnings, cash flow, and capital efficiency. Failure to meet the underpin will reduce the proportion of these LTIP awards vesting by 50%. The awards are also granted subject to an additional holding period of two years applying after any vesting of the awards during which award holders cannot exercise vested awards.

This notification is made in accordance with the Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Mr Prasanth Manghat 
                                 Mr Khalifa Bin Butti 
                                 Mr Hani Buttikhi 
                                 Mr Prashanth Shenoy 
                                 Mr Michael Davis 
                                 Dr Chandrakumari Shetty 
                                 Mr Simon Watkins 
     ------------------------  -------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status           Directors and PDMRs of the Company 
     ------------------------  -------------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
     ------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                      NMC Health plc 
     ------------------------  -------------------------------------- 
 b)   LEI                       2138008YQEVWBE1V2M52 
     ------------------------  -------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------- 
 a)   Description               Options over Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument        ISIN: GB00B7FC0762 
       Identification 
       code 
     ------------------------  -------------------------------------- 
 
 
 b)   Nature of          Grant of nil-cost options 
       the transaction 
     -----------------  -------------------------- 
 c)   Price(s) and         Price   No. of shares 
       volume(s)            0p      73,425 
                                   -------------- 
                            0p      43,846 
                                   -------------- 
                            0p      32,369 
                                   -------------- 
                            0p      26,003 
                                   -------------- 
                            0p      19,502 
                                   -------------- 
                            0p      26,913 
                                   -------------- 
                            0p      15,480 
                                   -------------- 
     -----------------  -------------------------- 
 d)   Aggregated         N/A 
       information 
       - volume 
       - Price 
       - Total 
     -----------------  -------------------------- 
 e)   Date of the        15 March 2019 
       transaction 
     -----------------  -------------------------- 
 f)   Place of the       Not on a trading venue 
       transaction 
     -----------------  -------------------------- 
 

Contacts

 
 NMC 
 Simon Watkins, Group Company Secretary    [phone] 
 
 Media 
 FTI Consulting, London 
 Brett Pollard                             [phone] 
 
 FTI Consulting, Gulf 
 Shane Dolan                               [phone] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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March 15, 2019 10:49 ET (14:49 GMT)