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ASC - Results of the Rights Offer
ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
ISIN: ZAE000185005 Share code: ASC
(“Ascendis” or the “Company”)
RESULTS OF THE RIGHTS OFFER
1. Introduction
Ascendis shareholders are referred to the finalisation announcement released on the Stock
Exchange News Service of the JSE Limited on 12 July 2016 and the circular to shareholders dated
12 July 2016 relating to an underwritten, renounceable rights offer (“Rights Offer”) to raise up to
R1.2 billion.
The Rights Offer consisted of an offer of 54,545,454 Ascendis ordinary shares (“Rights Offer
Shares”) in the authorised but unissued share capital of Ascendis, in the ratio of 18.25033 Rights
Offer Shares for every 100 ordinary shares held on the record date of the Rights Offer, at a
subscription price of R22.00 per Rights Offer Share.
2. Results of the Rights Offer
The directors are pleased to advise that the Rights Offer was significantly oversubscribed, with
total support received for over 300% of the Rights Offer value.
The Rights Offer closed at 12:00 on Friday, 5 August 2016 and the results thereof are set out in the
table below.
Number of Rights Percentage of Value of shares at
Offer Shares Rights Offer R22.00 per Rights
Shares Offer Share
Rights Offer Shares available for 54,545,454 100% R1,200,000,000
subscription
Subscriptions for Rights Offer
Shares:
- Certificated Rights Offer 4,008,859 R88,194,898
Shares
- Dematerialised Right Offer 48,443,521 R1,065,757,462
Shares
Total of Rights Offer Shares 52,452,380 96% R1,153,952,360
exercised
Applications for excess Rights 116,703,500 214% R2,567,477,000
Offer Shares
Excess Rights Offer Shares 2,093,074 4% R46,047,628
available to be allocated
Excess Rights Offer Shares 2,093,074 4% R46,047,628
allocated
The allocation of Rights Offer Shares in respect of excess applications took cognisance of the
number of ordinary shares held prior to the Rights Offer, the number of rights exercised and the
number of excess Rights Offer Shares applied for.
Following the conclusion of the Rights Offer, the Company’s total shares in issue will increase to
353,419,239 Ascendis ordinary shares of no par value.
The underwriters as detailed in the circular will not be required to subscribe for any Rights Offer
Shares.
3. Remaining dates and times
2016
Qualifying dematerialised shareholders’ accounts updated and debited
Monday, 8 August
by CSDP or broker (in respect of payments for Rights Offer Shares)
Certificates distributed to qualifying certificated shareholders (in Monday, 8 August
respect of the Rights Offer Shares)
Refunds (if any) to qualifying certificated shareholders in respect of
Thursday, 11 August
unsuccessful excess applications made
Qualifying dematerialised shareholders’ accounts updated and debited
Thursday, 11 August
by their CSDP or Broker (in respect of successful excess applications)
Certificates distributed to qualifying certificated shareholders (in
respect of successful excess applications) Thursday, 11 August
8 August 2016
Johannesburg
Corporate Advisor
Coast2Coast Capital Proprietary Limited
Joint Global Coordinators, Underwriters and Financial Advisors
Absa Bank Limited (acting through its Corporate and Investment Bank division) and HSBC Bank plc
Transaction Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Sponsor
Investec Bank Limited
Date: 08/08/2016 10:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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