UPDATE 1-Nestor says Jan-April performance in line
* Proposes final div of 1.5p/share
* Net debt on falls 6 pct from Dec. 31 levels * Says confident of banking facilities renewal
* Shares fall 1.8 pct (Adds details)
May 1 (Reuters) - Healthcare staffing specialist Nestor Healthcare Plc NSR.L said on Friday its operating and financial performance in the first 4 months of 2009 were in line with its expectations.
The company said its Social Care businesses continued to perform well, delivering good returns. Its two private homecare businesses, Country Cousins and Patricia White's, also continued to deliver "excellent returns". Nestor said net borrowings as at April 22 were 17.8 million pounds ($26.58 million), down from 19 million pounds at the end of last year.
In October last, the company had sold its Carewatch unit for 37 million pounds to Lyceum Capital, reducing its debt, saying that the debt had been identified as a key stalling point in previous takeover talks. The Surrey-based company said it would propose a final dividend of 1.5 pence a share and if approved, it would be paid on June 5 to shareholders of record on May 8.
The company also said it was confident that its banking facilities could be renewed no later than December 2009, when they are due to expire and on terms acceptable to the group.
Nestor Healthcare shares were down 1.82 percent at 27 pence on the London Stock Exchange at 0705 GMT. ($1=.6697 Pound) (Reporting by Austin Lobo in Bangalore; Editing by Gopakumar Warrier)
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