ASCENDIS HEALTH LIMITED - Surgical Innovations - conclusion of voluntary business rescue

Surgical Innovations - conclusion of voluntary business rescue

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


SURGICAL INNOVATIONS - CONCLUSION OF VOLUNTARY BUSINESS RESCUE


Shareholders are referred to the announcement released on the Stock Exchange News Service
(“SENS”) on 12 May 2023, advising shareholders that the board of directors of Surgical Innovations
Proprietary Limited (“Surgical Innovations”), a wholly owned subsidiary within the group, had resolved
to commence with voluntarily business rescue proceedings, as envisaged in terms of Section 129(1) of
the Companies Act (“Business Rescue”).

Shareholders are further referred to the financial results announcement published on SENS on
29 September 2023, wherein the Company informed shareholders that Surgical Innovations was
expected to shortly exit a successful, but challenging, business rescue process pursuant to which
relationships with suppliers, customers and other stakeholders have been strengthened, and
outstanding disputes have been resolved.

The board of directors of Surgical Innovations is pleased to advise that Surgical Innovations has now
successfully exited Business Rescue and remains confident that Surgical Innovations will continue in
existence as a solvent and commercially viable operation.


Johannesburg
4 October 2023

Sponsor
Valeo Capital (Pty) Ltd

Date: 04-10-2023 08:05:00
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