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MedicX Fund Raises GBP48.75 Million In Placing, Open Offer
LONDON (Alliance News) - MedicX Fund Ltd Wednesday said it raised GBP48.75 million in an over-subscribed placing and open offer of 85 million shares.
It will use the funds to make new investments.
"We are delighted that the fund raising was so well received by our existing shareholder base and attracted significant interest from a range of new investors resulting in the Issue being substantially over-subscribed," Chairman David Staples said in a statement.
"We continue to see a pipeline of additional investments at attractive prices and the Issue positions the Fund to take advantage of these opportunities," he added.
MedicX Fund shares were up 1.2% at 82 pence Wednesday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Latest MXF News
- Primary Health Properties scores court sanction for MedicX merger
14 Mar 2019 - Primary Health Properties Gains Court Sanction For MedicX Merger (ALLISS)
14 Mar 2019 - MedicX Shareholders Vote To Approve Primary Health Properties Merger
1 Mar 2019 - MedicX Fund Reports Decrease In Net Asset Value In First Quarter
8 Feb 2019 - Primary Health Properties Agrees All-Share Merger With Medicx Fund
24 Jan 2019 - Primary Health Properties in £2.3bn merger with MedicX Fund
24 Jan 2019 - Tuesday broker round-up
11 Dec 2018 - MedicX Fund Profit Rises In Full Year On Improved Rental Income
11 Dec 2018
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