ASCENDIS HEALTH LIMITED - Dealings in securities by associates of a director

Dealings in securities by associates 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 associates 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 associates 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 forced sales actioned
                                    by financial institutions due to the shares being linked to equity
                                    finance transactions resulting in margin calls.

                                    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:                18 December 2018

Number of shares:                   18,911

Price per share (low):              R3.35

Price per share (high):             R3.45

Volume weighted average price:      R3.3961

Value:                              R64,223.65

Trade 2:
Date of transaction:                19 December 2018

Number of shares:                   329,184

Price per share (low):              R3.33

Price per share (high):             R3.43

Volume weighted average price:      R3.3924

Value:                              R1,116,723.80

Trade 3:
Date of transaction:                20 December 2018

Number of shares:                   350,355

Price per share (low):              R3.33

Price per share (high):             R3.50

Volume weighted average price:      R3.4115

Value:                              R1,195,236.08



Nature and extent of interest:     Indirect beneficial – Gane Holdings, through a wholly-owned
                                   subsidiary, K2016119851 (South Africa) (Pty) Ltd. Gary
                                   Shayne holds an indirect controlling shareholding in Gane
                                   Holdings through the ultimate holding company, Coast2Coast
                                   Communications Limited (“C2C”)

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

Class of shares:                   Ordinary shares

Written clearance obtained:        Clearance was obtained from the Chairman

Trade 1:
Date of transaction:               18 December 2018

Number of shares:                  200,000

Price per share (low):             R3.25

Price per share (high):            R3.44

Volume weighted average price:     R3.3422

Value:                             R668,440.00

Trade 2:
Date of transaction:               19 December 2018

Number of shares:                  330,000

Price per share (low):             R3.20

Price per share (high):            R3.49

Volume weighted average price:     R3.3712

Value:                             R1,112,496.00

Trade 3:
Date of transaction:               20 December 2018

Number of shares:                  270,000

Price per share (low):             R3.35

Price per share (high):            R3.57

Volume weighted average price:     R3.4119

Value:                             R921,213.00



Bryanston
24 December 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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