ASCENDIS HEALTH LIMITED - Dealings in securities by an associate of a director

Dealings in securities by an associate of a director

Ascendis Health Limited
(Registration number 2008/005856/06)
(Incorporated in the Republic of South Africa)
Share code: ASC
ISIN: ZAE000185005
(“Ascendis” or “the Company”)


Dealings in securities by an associate of a director


In terms of paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information, relating to dealings in securities by an associate of a director, is disclosed:

Name of director:                   Gary Shayne (non-executive)

Name of associate:                  Gane Holdings Proprietary Limited (“Gane Holdings”)

Nature and extent of interest:      Indirect beneficial – through Gane Holdings, in which Gary
                                    Shayne holds an indirect controlling shareholding through the
                                    ultimate holding company, Coast2Coast Communications
                                    Limited (“C2C”)

Nature of transactions:             Involuntary sale, on market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call.

                                    C2C is a long-term shareholder of Ascendis and remains
                                    confident in the strategy of the Company.

Class of shares:                    Ordinary shares

Written clearance obtained:         Clearance was obtained from the Chairman

Trade 1:
Date of transaction:                29 November 2018

Number of shares:                   88,424

Price per share (low):              R3.96

Price per share (high):             R4.10

Volume weighted average price:      R4.0067

Value:                              R354,288.44

Trade 2:
Date of transaction:                30 November 2018

Number of shares:                   115,566

Price per share (low):              R3.74

Price per share (high):             R3.85

Volume weighted average price:      R3.7669

Value:                              R435 325.57

Trade 3:
Date of transaction:                3 December 2018

Number of shares:                   28,446

Price per share (low):              R3.79

Price per share (high):             R3.94

Volume weighted average price:      R3.8040

Value:                              R108,208.58

Trade 4:
Date of transaction:                4 December 2018

Number of shares:                   19,033

Price per share (low):              R3.75

Price per share (high):             R3.86

Volume weighted average price:      R3.7954

Value:                              R72,237.85


Nature and extent of interest:      Indirect beneficial – through Gane Holdings, in which Gary
                                    Shayne holds an indirect controlling shareholding through the
                                    ultimate holding company, Coast2Coast Communications
                                    Limited (“C2C”)

Nature of transactions:             On 26 February 2016, Gane Holdings issued a convertible
                                    debenture and, in terms of its contractual obligation, is now
                                    transferring Ascendis shares in part settlement thereof (off-
                                    market)

Class of shares:                    Ordinary shares

Written clearance obtained:         Clearance was obtained from the Chairman

Date of transaction:                29 November 2018

Number of shares:                   5,545,103

Price per share:                    R4.62

Value:                              R25,618,375.86


Bryanston
5 December 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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