Dealings in securities by directors
ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
ISIN: ZAE000185005 Share code: ASC
(“Ascendis”)
Dealings in securities by directors
In terms of paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information,
relating to dealings in securities by directors, is disclosed:
Directors: Gary Shayne and Crispian Dillon.
Nature of the transaction: Coast2Coast Capital Proprietary Limited (“C2C”) (in
which Gary Shayne holds an 85% indirect interest and
Crispian Dillon holds a 15% indirect interest), has
notified the vendors of Akacia Healthcare Holdings
Proprietary Limited (“Akacia”) on 24 April 2017 of its
intention to indirectly purchase shares in terms of a
put and call option agreement entered into on 19
November 2015 with various vendors of Akacia as per
the SENS announcement released on 19 November
2015 (“Option Agreement”). C2C will simultaneously
transfer the shares purchased via the Option
Agreement to C2C staff (“C2C Staff Shares”). This
purchase and subsequent transfer will therefore not
effect a change in the overall C2C shareholding in
Ascendis.
Number of shares: 999,190
Price per share purchased in terms R26.08
of Option Agreement:
Price per share transferred in terms R22.25
of C2C Staff Shares :
Value in terms of Option R26,058,875.20
Agreement:
Value in terms of C2C Staff R22,231,977.50
Shares:
Date of transaction: 24 April 2017
Class of shares: Ordinary shares
Nature of transaction: Purchase off market in terms of Option Agreement
and sale off market in terms of C2C Staff Shares
Extent of interest: Indirect beneficial (through C2C, in which Gary
Shayne has an 85% indirect beneficial interest and
Crispian Dillon has a 15% indirect beneficial interest).
Written clearance obtained: Clearance was obtained from the Chairman.
Directors: Gary Shayne and Crispian Dillon.
Nature of the transaction: Coast2Coast Capital Proprietary Limited (“C2C”) (in
which Gary Shayne holds an 85% indirect interest and
Crispian Dillon holds a 15% indirect interest),
disposed of 2,666,667 shares to WDB Investment
Holdings (Pty) Limited, a strategic long term investor,
and disposed of a total of 1,800,000 shares to various
other investors. The sale of shares will result in a
c.3.5% decrease in C2C’s overall shareholding in
Ascendis as it continues to hold Ascendis ordinary
shares to the value of c. R2.8 billion at the current
trading price.
Number of shares: 4,466,667
Price per share: R22.50
Value: R100,500,007.50
Date of transaction: 24 April 2017
Class of shares: Ordinary shares
Nature of transaction: Sale, off market
Extent of interest: Indirect beneficial (through C2C, in which Gary
Shayne has an 85% indirect beneficial interest and
Crispian Dillon has a 15% indirect beneficial interest).
Written clearance obtained: Clearance was obtained from the Chairman.
25 April 2017
Johannesburg
Sponsor
Investec Bank Limited
Date: 25/04/2017 10:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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