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ASCENDIS HEALTH LIMITED - Directors dealings

Release Date: 25/09/2014 13:37
Code(s): ASC     PDF:  
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Directors dealings

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 3.65 of the JSE Limited (“the JSE”) Listings Requirements ("the Listings
Requirements"), the following information, relating to dealings in securities by directors, is disclosed:

Directors:                              Gary John Shayne and Crispian Dillon

Nature of the transaction:              Investors are referred to the announcement by
                                        Ascendis on 17 December 2013 regarding: (a) an
                                        acquisition by Ascendis which fell below the
                                        category two transaction threshold as defined in the
                                        Listings Requirements (”Acquisition”) and therefore
                                        was not disclosed separately, as well as (b) the
                                        option agreement entered into between the acquired
                                        company’s vendors (“Vendors”) and Gane Holdings
                                        Proprietary Limited (“Gane Holdings”) (previously
                                        named Bounty Brands Proprietary Limited)
                                        (“Option”).

                                        Subsequent to the conclusion of the Acquisition,
                                        Ascendis and a relevant Vendor (“Vendor”) have
                                        agreed to adjust a deferred portion of the purchase
                                        consideration. As such, the Vendor has agreed to
                                        reimburse Ascendis R3 922 576.

                                        Additionally 354 473 ordinary Ascendis shares
                                        (“Ascendis Shares”), which were issued to the
                                        Vendor and which represented a portion of the
                                        purchase consideration subject to the Option, will be
                                        transferred from the Vendor to Gane Holdings as an
                                        early vesting of a portion of the Option.

                                        Gary Shayne holds an 85% indirect interest in Gane
                                        Holdings and Crispian Dillon holds a 15% indirect
                                        interest in Gane Holdings.

Number of Ascendis Shares               354,473
transferred to Gane Holdings:

Price                                   A nominal amount of R100 was paid to effect the
                                        early vesting of the applicable portion of the Option.

Deemed transaction value:               Nominal transaction value of R100

Extent of interest:                     Indirect beneficial (through Gane Holdings), in which
                                        Gary Shayne has a 85% indirect beneficial interest
                                        and Crispian Dillon has a 15% indirect beneficial
                                        interest)

Written clearance obtained:             Clearance was obtained from the Chairman

24 September 2014
Johannesburg
Sponsor

Investec

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