Primary Health Properties (PHP) £393 million merger with MedicX Fund

Overview:

• Primary Health Properties (PHP) and UK closed-end investment company MedicX Fund have undergone and all-share merger.
• MedicX shareholders will receive 0.77 new PHP shares for each share held.
• PHP shareholders will control 69.4% of the combined entity and MedicX shareholders 30.6%
• The deal was completed via a Guernsey scheme of arrangement.