Key Developments: MedicX Fund Ltd (MXF.L)
79.50GBp
2 Jul 2013
4.50p (+6.00%)
75.00p
77.25p
79.50p
76.25p
515,159
270,768
89.00p
73.00p
Latest Key Developments (Source: Significant Developments)
MedicX Fund Ltd Announces Issue Of New Ordinary Shares
MedicX Fund Limited announced that earlier it issued for cash, subject to listing 3,600,000 new ordinary shares of no par value in the Company. The issue price per New Share (before expenses) was GBP0.079. Full Article
MedicX Fund Ltd Announces Change Of Auditor
MedicX Fund Ltd announced he appointment of a new auditor. In view of the extent of non-audit services provided by the auditor during the previous financial year and in aggregate in recent years (primarily as a result of work relating to portfolio acquisitions), the Audit Committee considers it appropriate to separate the provision of audit and non-audit services. Further to the Audit Committee's recommendation, the Board has decided to appoint as auditor a firm that has not been involved in the provision of non-audit services. Following a competitive tender process, KPMG LLP has agreed to accept appointment as the auditor to the Company. PKF (UK) LLP has resigned as the Company's auditor and has confirmed to the Company that, in accordance with Section 273(2) of The Companies (Guernsey) Law 2008, there are no circumstances in connection with resignation which it considers need to be brought to the attention of the members or creditors of the Company. Full Article
MedicX Fund Ltd Approves Quarterly Dividend
MedicX Fund Ltd announced that the Directors have approved a quarterly dividend of GBP0.01425 per ordinary share in respect of the period 1 January 1, 2013 to March 31, 2013. The Directors expect, subject to unforeseen circumstances, to pay dividends totalling GBP0.057 per Ordinary Share in respect of the financial year ending September 30, 2013. The dividend will be paid on June 28, 2013 to ordinary shareholders on the register as at May 17, 2013 (the Record Date). The corresponding ex-dividend date will be May 15, 2013. Full Article
Medicx Fund Ltd Announces Acquisition Of New Primary Care Medical Centre; Disposal Of Gp Surgery In Chandlers Ford
Medicx Fund Ltd announced that it has contracted to acquire a new primary care medical centre in Cambridge, which is due to be completed in August 2013. The property will be let to one GP practice at an initial rent of gBP325,000, by way of a 25 year lease, subject to three-yearly rent reviews to RPI. The total acquisition cost of the property is anticipated to be GBP5.5 million. MedicX Fund also announced that it has disposed of the GP Surgery in Chandlers Ford, Hampshire for a total of GBP1.0 million, being slightly above the property's valuation as of December 2012. The MedicX Fund's total property portfolio now comprises 107 properties throughout the United Kingdom of which 101 are complete and 6 are under construction. Full Article
Medicx Fund Ltd Announces Dividend
MedicX Fund Ltd announced that its Directors have approved a quarterly dividend of GBP 0.01425 per ordinary share in respect of the period October 1, 2012 to December 31, 2012. The Directors expect, subject to unforeseen circumstances, to pay dividends totaling GBP 0.057 per ordinary share in respect of the financial year ending September 30, 2013. The dividend will be paid on March 29, 2013 to ordinary shareholders on the register as at February 15, 2013. The corresponding ex-dividend date will be February 13, 2013. Full Article
Medicx Fund Ltd Completes Acquisition Of 31 Completed Medical Centres
Medicx Fund Ltd announced that consistent with its plans to continue to grow its portfolio, it has completed its most significant acquisition to date of a portfolio of 31 completed and fully let primary care medical centres. The purchase is by way of a corporate acquisition for an initial cash consideration of GBP16.1 million including transaction costs of GBP1.6 million, and the assumption of existing debt of GBP63.8 million. This portfolio of high quality assets is based throughout England and Scotland and increases MedicX Fund's total property portfolio to 106 properties of which 95 are complete and operational/fully let and 11 are under construction. The portfolio has been acquired for a cash yield of 6.04% based on a total acquisition cost of £91.9 million including the estimated cost of resetting the debt to a current mark to market historic low rate of 4.13%. Full Article
Medicx Fund Ltd Acquires New Primary Care Medical Centre
Medicx Fund Ltd announced it has contracted to forward fund a refurbishment of a primary care medical centre as well as an extension to provide a new pharmacy in Middlewich, Cheshire, with practical completion expected in December 2012. The property will be let to one GP practice on the basis of a 25 year lease, subject to three-yearly rent reviews to RPI and a pharmacy by way of a 21 year lease, subject to three-yearly rent reviews to RPI. The total acquisition cost of the property is anticipated to be GBP1.9 million. Full Article
Medicx Fund Ltd Sale Of Ordinary Shares Out Of Treasury
Medicx Fund Ltd announced today, June 13, 2012, it sold for cash 600,000 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 GBP0.775. The net proceeds will be used in further pursuing the investment objectives of the Company. Full Article
Medicx Fund Ltd Completes Acquisition Of New Medical Centre
Medicx Fund Ltd announced that it has successfully completed the acquisition of a new medical centre at the Mary Seacole Centre in Clapham High Street, London SW4. The transaction was a forward purchase of the long leasehold interest, as previously announced. The total acquisition cost of the property was GBP6.9 million. Full Article
Medicx Fund Ltd Approves Quarterly Dividend
Medicx Fund Ltd. announced that the directors have approved a quarterly dividend of GBP0.014 per Ordinary Share in respect of the period January 1, 2012 to March 31, 2012. The dividend will be paid on June 29, 2012 to ordinary shareholders on the register as at close of business on May 18, 2012. The corresponding ex-dividend date was May 16, 2012. The Company expects to pay dividends totalling GBP0.056 per Ordinary Share in respect of the financial year ending September 30, 2012, an increase from the dividends of GBP 0.055per Ordinary Share for the year to September 30, 2011. Full Article
BRIEF-MedicX Fund confirms made acquisition proposal to Assura
LONDON, May 17 - MedicX Fund Ltd : * Board of MedicX notes the announcement by Assura * Confirms it has made proposal to Assura regarding an all-share offer for the
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