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ASCENDIS HEALTH LIMITED - Dealings in securities by directors

Release Date: 25/04/2017 10:10
Code(s): ASC     PDF:  
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Dealings in securities by directors

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 3.74 of the JSE Listings Requirements, the following information,
relating to dealings in securities by directors, is disclosed:

Directors:                             Gary Shayne and Crispian Dillon.

Nature of the transaction:             Coast2Coast Capital Proprietary Limited (“C2C”) (in
                                       which Gary Shayne holds an 85% indirect interest and
                                       Crispian Dillon holds a 15% indirect interest), has
                                       notified the vendors of Akacia Healthcare Holdings
                                       Proprietary Limited (“Akacia”) on 24 April 2017 of its
                                       intention to indirectly purchase shares in terms of a
                                       put and call option agreement entered into on 19
                                       November 2015 with various vendors of Akacia as per
                                       the SENS announcement released on 19 November
                                       2015 (“Option Agreement”). C2C will simultaneously
                                       transfer the shares purchased via the Option
                                       Agreement to C2C staff (“C2C Staff Shares”). This
                                       purchase and subsequent transfer will therefore not
                                       effect a change in the overall C2C shareholding in
                                       Ascendis.

Number of shares:                      999,190

Price per share purchased in terms     R26.08
of Option Agreement:
Price per share transferred in terms   R22.25
of C2C Staff Shares :
Value in terms of Option               R26,058,875.20
Agreement:
Value in terms of C2C Staff            R22,231,977.50
Shares:
Date of transaction:                   24 April 2017

Class of shares:                       Ordinary shares

Nature of transaction:                 Purchase off market in terms of Option Agreement
                                       and sale off market in terms of C2C Staff Shares

Extent of interest:                    Indirect beneficial (through C2C, in which Gary
                                       Shayne has an 85% indirect beneficial interest and
                                       Crispian Dillon has a 15% indirect beneficial interest).

Written clearance obtained:            Clearance was obtained from the Chairman.


Directors:                             Gary Shayne and Crispian Dillon.

Nature of the transaction:             Coast2Coast Capital Proprietary Limited (“C2C”) (in
                                       which Gary Shayne holds an 85% indirect interest and
                                       Crispian Dillon holds a 15% indirect interest),
                                       disposed of 2,666,667 shares to WDB Investment
                                       Holdings (Pty) Limited, a strategic long term investor,
                                       and disposed of a total of 1,800,000 shares to various
                                       other investors. The sale of shares will result in a
                                       c.3.5% decrease in C2C’s overall shareholding in
                                       Ascendis as it continues to hold Ascendis ordinary
                                       shares to the value of c. R2.8 billion at the current
                                       trading price.

Number of shares:                      4,466,667

Price per share:                       R22.50

Value:                                 R100,500,007.50

Date of transaction:                   24 April 2017

Class of shares:                       Ordinary shares

Nature of transaction:                 Sale, off market

Extent of interest:                    Indirect beneficial (through C2C, in which Gary
                                       Shayne has an 85% indirect beneficial interest and
                                       Crispian Dillon has a 15% indirect beneficial interest).

Written clearance obtained:            Clearance was obtained from the Chairman.



25 April 2017

Johannesburg

Sponsor

Investec Bank Limited

Date: 25/04/2017 10:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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