NMC Health says 'disappointed' in founder Shetty's ownership disclosures - Reuters

NMC Health says 'disappointed' in founder Shetty's ownership disclosures - Reuters:

NMC Health (NMC.L) said on Tuesday it was ‘disappointed’ with the disclosures made by its founder B.R. Shetty and that it urgently sought clarity on his shareholding arrangements and holdings in the company.

Shetty on Monday resigned as co-chairman, creating further uncertainty for the UAE healthcare company, which has seen its shares collapse in the past few weeks on doubts about the shareholdings of its major investors.

The company said it was not able to independently verify the information received from Shetty or that contained in his Persons Discharging Managerial Responsibilities (PDMR) notification.

Shetty’s resignation came a week after UK regulators said they were looking into NMC following a disclosure that he had misstated the size of his NMC stake.