Mediclinic International plc
(Incorporated in England and Wales)
Company Number 8338604
LSE Share Code: MDC
JSE Share Code: MEI
NSX Share Code: MEP
23 February 2016
MEDICLINIC PLANS CFO SUCCESSION
Mediclinic International PLC ("Mediclinic" or the "Company"), a leading international private hospital group, announces today that Craig Tingle has informed the Board of his intention to seek early retirement as Chief Financial Officer.
Craig will remain Chief Financial Officer at the Company until 15 June 2016 in order to oversee the preparation and presentation of the Company's annual results to 31 March 2016, the refinancing of the bridge financing relating to the Al Noor Hospitals Group plc transaction, and to ensure a smooth transition to his successor. A process to identify a suitable successor is underway, led by the Chief Executive, Danie Meintjes.
Dr. Edwin Hertzog, Chairman of Mediclinic, said:
"Craig joined Mediclinic in 1990 and has been an integral member of the team, helping to build one of the leading international private hospital groups in the world.
Since Craig's appointment as Chief Financial Officer in September 2010, he has played a pivotal role in the Company, including the successful establishment of Mediclinic's operations in new geographies, the acquisition of Al Noor and obtaining a primary listing on the London Stock Exchange. Under his stewardship, the market capitalisation of the group has grown from £1.4bn to £6.3bn.
He leaves Mediclinic at a high point in his career and well-positioned for the next stage of its development. We thank him and wish him all the very best for his well-earned retirement."
Registered address: 1st Floor, 40 Dukes Place, London, EC3A 7NH, United Kingdom
JSE sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX sponsor: Simonis Storm Securities (Pty) Limited
Mediclinic is the world's third largest listed acute hospital operator (outside of the United States), with three operating platforms in Southern Africa (South Africa and Namibia), Switzerland and the United Arab Emirates. Its core purpose is to enhance the quality of life of patients by providing cost-effective acute care specialised hospital services. The group operates 73 hospitals and 34 clinics.
Mediclinic also holds a 29.9% interest in Spire Healthcare, a LSE listed and UK-based private healthcare group.
Victoria Geoghegan/Liz Morley/Nick Lambert/Aarti Iyer
+44 (0)203 772 2468
+27 21 809 6500