Broad-Based Black Economic Empowerment Act: annual compliance report
Broad-Based Black Economic Empowerment Act: annual compliance report Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 (“Mediclinic”, or the “Company”, or the “Group”) 24 June 2021 BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT: ANNUAL COMPLIANCE REPORT In accordance with the JSE Limited Listings Requirements, notice is hereby given that the Company’s annual broad-based black economic empowerment compliance report (“compliance report”) in terms of section 13G(2) of the South African Broad-Based Black Economic Empowerment Act, No. 53 of 2003, as amended (the “B-BBEE Act”), has been submitted to the Broad-Based Black Economic Empowerment Commission (the “B-BBEE Commission”). The compliance report is available on Mediclinic’s website at mediclinic.com/en/governance/sustainable development. The compliance report relates to the Group’s South African operations and presents an assessment of the broad-based black economic empowerment status of Mediclinic International (RF) (Pty) Ltd, a wholly owned subsidiary of the Company, and its subsidiaries which include Mediclinic Southern Africa (Pty) Ltd. About the B-BBEE Act The B-BBEE Act was enacted to establish a legislative framework for the promotion of broad-based black economic empowerment in South Africa and is intended to encourage transformation by including black people in the economy. It covers aspects such as ownership, management control, skills development, enterprise and supplier development and socio-economic development. Although compliance with the B-BBEE Act and the Codes of Good Practice issued in terms thereof is voluntary, an obligation was introduced by way of an amendment to the B-BBEE Act in 2013, which became effective in June 2016, requiring a public company, listed on the Johannesburg Stock Exchange (“JSE”), to submit its annual compliance report to the B-BBEE Commission, to load its compliance report on its website and to publish a SENS announcement confirming the aforementioned steps taken. About Mediclinic International plc Mediclinic is a diversified international private healthcare services group, established in South Africa in 1983, with divisions in Switzerland, Southern Africa (South Africa and Namibia) and the United Arab Emirates (“UAE”). The Group’s core purpose is to enhance the quality of life. Its vision is to be the partner of choice that people trust for all their healthcare needs. Mediclinic is focused on providing specialist-orientated, multi-disciplinary services across the continuum of care in such a way that the Group will be regarded as the most respected and trusted provider of healthcare services by patients, medical practitioners, funders and regulators of healthcare in each of its markets. At 31 March 2021, Mediclinic comprised 74 hospitals, five subacute hospitals, two mental health facilities, 18 day case clinics and 18 outpatient clinics. Hirslanden operated 17 hospitals and four day case clinics in Switzerland with more than 1 900 inpatient beds; Mediclinic Southern Africa operations included 50 hospitals (three of which in Namibia), five sub -acute hospitals, two mental health facilities and 12 day case clinics (four of which operated by Intercare) across South Africa, and around 8 600 inpatient beds; and Mediclinic Middle East operated seven hospitals, two day case clinics and 18 outpatient clinics with more than 900 inpatient beds in the UAE. In addition, under management contracts, Mediclinic Middle East operates one hospital in Abu Dhabi and will open a 200-bed hospital in the Kingdom of Saudi Arabia in mid-2022. The Company’s primary listing is on the London Stock Exchange (“LSE”) in the UK, with secondary listings on the JSE in South Africa and the Namibian Stock Exchange in Namibia. Mediclinic also holds a 29.9% interest in Spire Healthcare Group plc, a leading private healthcare group based in the United Kingdom and listed on the LSE. For further information, please contact: Company Secretary, Link Company Matters Limited Caroline Emmet +44 (0)333 300 1930 Investor Relations, Mediclinic International plc James Arnold, Head of Investor Relations email@example.com +44 (0)20 3786 8181 Media queries FTI Consulting Ben Atwell/Ciara Martin – United Kingdom +44 (0)20 3727 1000 Sherryn Schooling – South Africa +27 (0)21 487 9000 Registered address: 6th Floor, 65 Gresham Street, London, EC2V 7NQ, United Kingdom Website: www.mediclinic.com Corporate broker (United Kingdom): Morgan Stanley & Co International plc and UBS Investment Bank JSE sponsor (South Africa): Rand Merchant Bank (A division of FirstRand Bank Limited) NSX sponsor (Namibia): Simonis Storm Securities (Pty) Ltd Date: 24-06-2021 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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