MedicX Shareholders Vote To Approve Primary Health Properties Merger

LONDON (Alliance News) - MedicX Fund Ltd on Friday said shareholders had approved its all-share merger with Primary Health Properties PLC.

PHP and MedicX shareholders have now both voted in favour of the deal, under which Medicx shareholders will receive 0.77 new PHP shares for each Medicx share held, meaning they will own 69% of the firm.

The merger will be effective on March 14 with the last day of dealing in MedicX shares to be March 13.

Shares in MedicX closed up 0.6% at 94.20 pence on Friday and PHP shares closed up 0.3% at 123.40p.

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