The MedicX Fund Limited Publication of Circular - Scrip Dividend Scheme (8640P)
November 22 2016 - 9:20AM
UK Regulatory
TIDMMXF
RNS Number : 8640P
The MedicX Fund Limited
22 November 2016
For immediate release
22 November 2016
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Publication of Circular to Shareholders - Scrip Dividend
Scheme
On 1 November 2016, the Board of MedicX Fund Limited (the
"Company") announced -
(a) that a quarterly dividend of 1.4875p per ordinary share
("Ordinary Share") had been approved in respect of the period 1
July 2016 to 30 September 2016, payable on 30 December 2016 to
Shareholders on the register as at close of business on 18 November
2016 (the "December 2016 Dividend"); and (b) that Shareholders
would be offered the opportunity to take up new Ordinary Shares
("Scrip Shares") instead of cash in respect of that dividend,
subject to certain terms and conditions, by participating in the
Scrip Dividend Scheme (the "Scheme").
Accordingly, the Board is now pleased to offer qualifying
Shareholders the opportunity to receive the December 2016 Dividend
in Scrip Shares (the "Scrip Dividend Alternative") instead of in
cash.
The Company posted today, to any Shareholders new to the Company
since 19 August 2016, a letter from the Chairman and a scheme
document setting out the detailed terms and conditions of the
Scheme (together the "Circular"). The Circular provides details of
the Scrip Dividend Alternative and explains how Shareholders may
elect to receive the Scrip Dividend Alternative instead of cash
dividends. A mandate form for certificated Shareholders to elect
for the Scrip Dividend Alternative (the "Mandate Form") is also
included. Copies of the Circular and an example of the Mandate Form
are available on the Company's website
(http://www.medicxfund.com/scrip). Any existing shareholders at 18
November 2016 that require a new mandate form are asked to contact
Capita Asset Services on 0371 664 0321*
Scrip dividends are attractive to many shareholders because they
enable them to increase their holding in the Company in a simple
manner without incurring any dealing costs or stamp duty. At the
same time, the Company will retain more cash in its business which
would otherwise be paid as a dividend. There may be further
advantages to receiving the dividend in this form and shareholders
are encouraged to review the details of the Scheme and the
associated documents, which may be found on the Company website, or
alternatively may be viewed through the National Storage Mechanism
(www.morningstar.co.uk/uk/nsm).
The price at which the December 2016 Dividend will be converted
into Scrip Shares (the "Scrip Calculation Price") will be announced
to the London Stock Exchange on 24 November 2016. This announcement
(together with details of the Scheme) will also appear on the
Company's website www.medicxfund.com. The Scrip Calculation Price
is the average of the closing middle market quotations of an
Ordinary Share, derived from the London Stock Exchange Daily
Official List, for the five consecutive business days commencing on
the Ex-dividend Date.
If qualifying Shareholders wish to elect to participate in the
Scrip Dividend Alternative in relation to the December 2016
Dividend their Mandate Form (or relevant CREST election) must be
received by Capita Asset Services by no later than 5.00 p.m. on 7
December 2016 (the "Delivery Deadline"). Shareholders should refer
to the Circular for the full terms and conditions of the Scheme and
the election procedure for certificated and uncertificated
Shareholders. Mandate Forms remain valid for all Relevant Dividends
where a Scrip Dividend Alternative is offered, until cancelled.
A copy of the Circular has been submitted to the Financial
Conduct Authority and is available for inspection through the
National Storage Mechanism (www.morningstar.co.uk/uk/nsm).
*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).
End
For further information please contact:
MedicX Fund +44 (0) 1481 723 450
David Staples, Chairman
Octopus Healthcare Group +44 (0) 20 3142 4820
Mike Adams, Chief Executive Officer
Buchanan +44 (0) 20 7466 5000
Charles Ryland/Victoria Hayns
Information on MedicX Fund Limited
MedicX Fund Limited ("MXF", "MedicX Fund", 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
and Ireland, listed on the London Stock Exchange, with a portfolio
comprising 153 properties.
The Investment Adviser to the Company is Octopus Healthcare
Adviser Ltd, which is part of the Octopus Healthcare group. Octopus
Healthcare invests in and develops properties as well as creating
partnerships to deliver innovative healthcare buildings to improve
the health, wealth and wellbeing of the UK. It currently manages
over GBP1 billion of healthcare investments across a number of
platforms, with a focus on four core areas: GP surgeries, care
homes, retirement housing and private hospitals. Octopus Healthcare
is part of the Octopus group, a fast-growing UK fund management
business with leading positions in several specialist sectors
including healthcare property, energy, property finance and smaller
company investing. Octopus manages GBP6 billion of funds for more
than 50,000 retail and institutional investors.
Octopus Healthcare Adviser Ltd is authorised and regulated by
the Financial Conduct Authority.
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), nor the contents of any website accessible from
hyperlinks within this announcement, are incorporated into, or
forms part of, this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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