# NMC Health responds to share price movement

- Link: https://www.directorstalkinterviews.com/nmc-health-responds-to-share-price-movement/412801246
- Published: 2019-12-18T07:26:02+00:00
- Author: Amilia Stone

**NMC Health **(LON:NMC) today noted the publication of the report from Muddy Waters
on 17 December 2019 and the resultant share price reaction.

NMC understands its regulatory disclosure obligations and has nothing to add to 
disclosures already made. It has already responded to many of the allegations made
in the report over the past 12 months, which can be found on the Company website,
see [https://nmc.ae/investor-relations](https://nmc.ae/investor-relations).

NMC will review the assertions, insinuations and accusations made in the report,
which appear principally unfounded, baseless and misleading, containing many errors
of fact, and will respond in detail in due course.

The Company has a track record of significant, open and increasingly detailed disclosure
to the market, as monitored and reviewed by its entirely independent disclosure 
committee.

NMC remains a growth company, with a solid balance sheet generating strong levels
of cash as demonstrated by yesterday’s buyback of $90 million of its Convertible
Bonds due 2025, which has been repaid through existing cash balance. This prepayment
is in addition to the regular amortization of long-term loans during 2019. NMC also
reiterated its leverage guidance for 2019.

NMC reaffirms its broader trading and operational guidance for the business for 
both 2019 and 2020 as disclosed at its recent Capital Markets Day held on 21 October
2019.

Additionally, in a separate announcement this morning, the Company announced that
it has put in the place the formal mechanism through which it can now begin to execute
the $200 million share buyback programme that NMC Health’s shareholders approved
on 5 December 2019.

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