Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Monday, 23rd December. Please refresh for updates.
UAE-focused hospital operator NMC Health (LON:) said it has commissioned an independent review by external auditors to examine the allegations made last week by short seller Muddy Waters Research.
NMC’s shares lost half their value last week after Muddy Waters, owned by Carson Block, accused it of inflating its asset values, understating its debt and making undeclared related-party transactions.
Despite publishing a detailed rebuttal, NMC’s shares fell 15% on Friday alone after the Financial Times said it had held talks to raise off-balance sheet debt, a charge that indirectly supported one of Block’s allegations.
NMC said in its statement on Monday that it is “disappointed with the very material and, we believe, unwarranted share price reaction.”
- BHP Group (LON:) said Andrew Mackenzie will leave the group at the end of March, three months earlier than scheduled.
- Mackenzie is passing the reins as CEO to Mike Henry as of January 1, and the mining group said it’s confident the transition is “proceeding well and ahead of schedule.”
- Mackenzie will receive around 7% less in stock under the company's long-term incentive program as a result.