NMC Health converts tank after shares suspended

By Aidan Gregory
27 Feb 2020

Shares in NMC Health, the London-listed United Arab Emirates hospitals operator, have been suspended. Its convertible bonds have fallen to around 50 cents on the dollar, after the Financial Conduct Authority (FCA) placed it under investigation and the company fired its chief executive.

In a regulatory filing on Thursday morning, NMC Health, a FTSE 100 company, said the FCA had agreed to temporarily suspend NMC Health’s shares while the healthcare firm works to provide clarity to the market about its financial position.

The suspension came after the company removed its CEO ...

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