NMC Health Plc Grant of Options (0663T)
March 15 2019 - 10:49AM
UK Regulatory
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 +44 (0)20 3205 7313
Media
FTI Consulting, London
Brett Pollard +44 (0)20 3727 1100
FTI Consulting, Gulf
Shane Dolan +971 (0)4 437 2100
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 rns@lseg.com or visit www.rns.com.
END
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