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ASCENDIS HEALTH LIMITED - Fulfilment of outstanding condition precedent

Release Date: 21/01/2014 17:50
Code(s): ASC     PDF:  
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Fulfilment of outstanding condition precedent

ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
ISIN: ZAE000185005 JSE share code: ASC
(“Ascendis” or “the Company”)

FULFILMENT OF OUTSTANDING CONDITION PRECEDENT REGARDING THE ACQUISITION BY
ASCENDIS   OF   SURGICAL   INNOVATIONS  PROPRIETARY   LIMITED  (“SURGICAL
INNOVATIONS”)

Ascendis shareholders are referred to the SENS announcement dated 25 November 2013, advising of
Ascendis entering into an agreement with the shareholders of Surgical Innovations to acquire 100% of
the issued ordinary share capital of Surgical Innovations (“the Acquisition”), subject to the fulfilment of
certain conditions precedent, including receipt of approval from the South African Competition
Commission (“Competition Authorities”).

The Company’s board of directors is pleased to announce that the Competition Authorities granted the
required approval on 21 January 2014, being the final outstanding condition precedent, which
accordingly renders the Acquisition unconditional.

21 January 2014

Cape Town




Investment Bank and Sponsor

Nedbank Capital

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