NMC Health requests delisting from LSE - Reuters:
Troubled hospital operator NMC Health (NMC.L) said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months ago.
Shares in the UAE-based company were suspended two months ago and it was placed into administration this month following an application form one of the company’s biggest lenders, Abu Dhabi Commercial Bank (ADCB.AD).
That move followed NMC revising its debt position to $6.6 billion, well above earlier estimates.
“We are working at pace to ensure continuity of patient care, stability for staff and suppliers and financial security for NMC’s operating companies,” Richard Fleming, joint administrator of NMC Health and managing director of Alvarez & Marsal, said in a statement on NMC’s behalf.
Troubled hospital operator NMC Health (NMC.L) said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months ago.
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| General view of NMC specialty hospital in Abu Dhabi, United Arab Emirates, February 11, 2020. REUTERS/Satish Kumar |
Shares in the UAE-based company were suspended two months ago and it was placed into administration this month following an application form one of the company’s biggest lenders, Abu Dhabi Commercial Bank (ADCB.AD).
That move followed NMC revising its debt position to $6.6 billion, well above earlier estimates.
“We are working at pace to ensure continuity of patient care, stability for staff and suppliers and financial security for NMC’s operating companies,” Richard Fleming, joint administrator of NMC Health and managing director of Alvarez & Marsal, said in a statement on NMC’s behalf.
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