Sale of ordinary shares out of treasury

RNS Number : 4001A

The MedicX Fund Limited

29 March 2012

 



For immediate release                                                                                    29 March 2012

MedicX Fund Limited

("MedicX Fund", "the Fund" or "the Company")

Sale of ordinary shares out of treasury

MedicX Fund (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom, announces that today, Thursday 29 March 2012, it sold for cash 750,000 ordinary shares of no par value in the Company.  The ordinary shares were sold out of treasury by the Company, at a price per share (before expenses) of 76.75 pence.

The net proceeds will be used in further pursuing the investment objectives of the Company.

Following this transaction, the Company has 263,645,780 ordinary shares in issue, of which 16,717,663 are held in treasury.  Accordingly, the total voting rights in issue will be 246,928,117.

End

For further information please contact:

MedicX Group:                                                               [phone]

Keith Maddin, Chairman

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

Canaccord Genuity Limited:                                             [phone]

Andrew Zychowski/Helen Goldsmith

Buchanan:                                                                     [phone]

Charles Ryland/Suzanne Brocks

MedicX Fund:                                                                 [phone]

David Staples, Chairman

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", the "Fund" or the "Company", or together with its subsidiaries, the "Group") is the specialist primary care infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom, listed on the London Stock Exchange, with a portfolio comprising 70 properties.

The Investment Adviser to the Company is MedicX Adviser Ltd, which is authorised and regulated by the Financial Services Authority and is a subsidiary of the MedicX Group. The MedicX Group is a specialist investor, developer and manager of healthcare properties with 26 people operating across the UK.  

The Company's website address is www.medicxfund.com.  Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

END

 

 

POSPGUWAWUPPGAB