Fulfilment Of All Outstanding Conditions Precedent
ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
Share code: ASC
(“Ascendis Health” or the “Company”)
FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT RELATING TO THE
ACQUISITION OF CIPLA AGRIMED PROPRIETARY LIMITED AND CIPLA VET PROPRIETARY
Shareholders of Ascendis Health (“Shareholders”) are referred to the announcement released on the
Stock Exchange News Service of the JSE Limited on 6 March 2017, wherein Shareholders were
advised that Ascendis Health had entered into an agreement on 4 March 2017 in terms of which
Ascendis will acquire, directly or indirectly, the entire issued share capital of Cipla Agrimed Proprietary
Limited and the entire issued share capital of Cipla Vet Proprietary Limited for a consideration of R375
million (with a potential adjustment to reflect a price band of R250 million and R500 million in relation
to actual working capital, net debt and earnings before interest, tax, depreciation and amortisation
achieved for the period ending 31 March 2017), from Inyanga Trading 386 Proprietary Limited, a fully
owned subsidiary of Cipla Limited India (the “Transaction”).
2. FULFILMENT OF ALL CONDITIONS PRECEDENT
Shareholders are advised that all conditions precedent pertaining to the Transaction have now been
fulfilled or waived, as the case may be, with the payment by Ascendis Health for the Transaction being
concluded on 1 June 2017. As such, the Transactions are officially unconditional, thereby resulting in
an effective date of 1 June 2017.
1 June 2017
Coast2Coast Capital Proprietary Limited
Investec Bank Limited
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