12th May 2006 07:00
Medical Property Investment Fd Ltd12 May 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OFAMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN The Medical Property Investment Fund Limited ("MPIF") RESULT OF OPEN OFFER On 13 April 2006, MPIF announced a placing and open offer of 64,729,021 NewOrdinary Shares at 170 pence per share to raise approximately £110 million whichwill be used to satisfy the cash elements of the consideration for theAcquisitions and to fund MPIF's programme of investment in the primaryhealthcare market in the UK. The Board of MPIF announces that on 11 May 2005, being the latest date forreceipt of completed Application Forms and payment in full under the Open Offeror settlement of the relevant CREST instruction, valid applications had beenreceived from Qualifying Shareholders in respect of 32,401,834 New OrdinaryShares, representing approximately 50.06% per cent. of the New Ordinary Sharesavailable under the Open Offer. 32,327,187 New Ordinary Shares not applied for by Qualifying Shareholders underthe Open Offer will be taken up by placees under the terms of the PlacingAgreement. The New Ordinary Shares will, on Admission, rank in full for all dividends andother distributions declared, made or paid on the Existing Ordinary Shares afterAdmission (save that they will not rank for the final dividend declared by MPIFfor the 12 months ended 31 December 2005) and will otherwise rank pari passu inall respects with the Ordinary Shares in issue at the date of the Prospectus. The Acquisitions and the Placing and Open Offer remain conditional upon, interalia, admission of the New Ordinary Shares to the Official List and to tradingon the London Stock Exchange's market for listed securities and the passing ofcertain Resolutions by the Company's shareholders at the EGM to be held latertoday. Application has been made to the UK Listing Authority for the NewOrdinary Shares to be admitted to the Official List and to the London StockExchange for admission to trading on its market for listed securities. It isexpected that Admission will become effective and dealings in the New OrdinaryShares will commence on 15 May 2006. Terms used in this Announcement shall have the same meanings as in theProspectus which was sent to Shareholders on 13 April 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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