International Administration GroupIAG

IAG appointed depositary to MedicX Fund Limited

Monday, October 9, 2017

IAG is delighted to announce the first appointment for its newly formed and licensed subsidiary, IAG Depositary Services Limited, to MedicX Fund Limited, a Guernsey listed company traded on the London Stock Exchange.

IAG Depositary Services was formed in July 2017 to add to IAG’s suite of products to offer its fund clients.  Alison Simpson, CEO of IAG, said: “IAG has a long standing relationship with MedicX dating back to its IPO in 2006.  When MedicX became a UK REIT on 29 September, we saw the opportunity to offer our depositary service and broaden our relationship with the Fund.  We expect to see increasing demand for depositary services in Guernsey.”

The Investment Adviser to MedicX is Octopus Health Adviser Ltd, which is part of the Octopus Healthcare group.

MedicX has a market capitalisation approaching £400 million and is a specialist infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom and Ireland with a portfolio comprising 156 properties.

For more information on IAG’s depositary services, please contact Martin Scott at mscott@iag.co.gg.