Primary Health Properties PLC Irrevocable Undertaking Update (8511O)
01 2월 2019 - 8:17PM
UK Regulatory
TIDMPHP
RNS Number : 8511O
Primary Health Properties PLC
01 February 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
For Immediate Release 1 February 2019
Primary Health Properties PLC
Recommended All-Share Merger of Primary Health Properties Plc
("PHP" or the "Company") and MedicX Fund Limited ("MedicX") -
Irrevocable Undertaking Update
In the announcement on 24 January 2019 detailing the recommended
all-share merger between PHP and MedicX (the "Rule 2.7
Announcement"), details were included of an irrevocable undertaking
received by PHP from Investec Wealth & Investment in respect
of:
- 26,260,000 MedicX Shares, representing approximately 5.929% of
the ordinary share capital of MedicX, to vote in favour or procure
votes in favour of the resolutions relating to the Scheme at the
MedicX Shareholder Meetings; and
- 37,320,000 PHP Shares, representing approximately 4.836% of
the ordinary share capital of PHP, to vote in favour or procure
votes in favour of the resolutions to be proposed at the PHP
General Meeting.
The Company has been notified by Investec Wealth &
Investment that, since this irrevocable undertaking was given, they
have been obliged to sell 36,166 shares in MedicX for a
non-discretionary client, and to sell 52,017 shares in its
discretionary holding in PHP principally due to deceased estate
liquidations. Accordingly, the irrevocable undertaking from
Investec Wealth & Investment is now in respect of:
- 26,223,834 MedicX Shares, representing approximately 5.921% of
the ordinary share capital of MedicX in issue as at close of
business on 31 January 2019; and
- 37,267,983 PHP Shares, representing approximately 4.812% of
the ordinary share capital of PHP in issue as at close of business
on 31 January 2019.
This announcement is made under Rule 2.10 of the Takeover Code.
All defined terms used above have the same meaning given to them in
the Rule 2.7 Announcement.
Enquiries:
Paul Wright,
for Nexus Management Services Limited, Company Secretary
Telephone: +44 (0) 20 7451 7057
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDUAAARKVAURAR
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February 01, 2019 06:17 ET (11:17 GMT)
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