Scrip Dividend Scheme

RNS Number : 6499R

The MedicX Fund Limited

25 August 2010

 



For immediate release                                                                                                    25 August 2010

MedicX Fund Limited

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

Scrip Calculation Price for September 2010 Dividend in relation to the Scrip Dividend Scheme

On 17 May 2010 the Board of MedicX Fund Limited announced an opportunity for qualifying Shareholders to receive relevant dividends in new ordinary shares instead of in cash (the "Scheme").

In relation to the dividend for the period 1 April 2010 to 30 June 2010 payable on 30 September 2010 (the "September 2010 Dividend"), the price of a new ordinary share in relation to the Scrip Dividend Scheme (the "Scrip Calculation Price") has been set at 71.65 pence. This is the average of the closing middle market quotations for the Company's ordinary shares for the five consecutive business days commencing on the ex-dividend date of 18 August 2010.

In order to be valid, Mandate forms must be received by the Company's registrars, Capita Registrars, (or CREST instructions entered) by no later than 5:00 p.m. on 3 September 2010 in order for elections under the Scrip Dividend Scheme to be effective in relation to the September 2010 Dividend. The Company mailed, on 23 August 2010, personalised Mandate Forms to Shareholders new on the Register since 14 May 2010 and before 20 August 2010 (the "Record Date"). Other Shareholders can use their Mandate Forms issued on 17 May 2010 or obtain Mandate Forms from Capita Registrars.

Mandate Forms remain valid for all Relevant Dividends where a Scrip Dividend Alternative is offered, until cancelled. Therefore, Shareholders who have previously completed a Mandate Form but no longer wish to receive a Scrip Dividend should write to Capita Registrars (at the address on page 5 of the Chairman's letter) by no later than 5.00 p.m. on the Mandate Delivery Deadline for the Relevant Dividend to inform them that they wish to revoke the election and receive a cash dividend. 

Shareholders who do not wish to receive a Scrip Dividend Alternative and have not previously completed a Mandate Form need take no further action and will receive a cash dividend in respect of the September 2010 Dividend in the usual way. The payment date in respect of the September 2010 Dividend is 30 September 2010. 

Shareholders who have any questions regarding the Scrip Dividend Scheme should contact the Capita Registrars helpline on 0871 664 0321*

*Calls made to this number are charged at 10 pence per minute plus network charges. Lines are open 8.30 a.m. to 5.30 p.m. (London time) Monday to Friday (except Bank Holidays).

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For further information please contact:

Buchanan Communications                                              [phone]

Charles Ryland/Lisa Baderoon/George Prassas

MedicX Group                                                                [phone]

Keith Maddin, Chairman

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

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 57 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 34 people operating across the UK.  

The Company's website address is www.medicxfund.com 

 

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