ASCENDIS HEALTH LIMITED - Dealings in securities by an associate of directors

Release Date: 10/05/2018 17:15
Code(s): ASC
 
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Dealings in securities by an associate of directors

Ascendis Health Limited
(Registration number 2008/005856/06)
(Incorporated in the Republic of South Africa)
Share code: ASC
ISIN: ZAE000185005
(“Ascendis” or “the Company”)


Dealings in securities by an associate of directors


In terms of paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information, relating
to dealings in securities by associates of directors of the Company, is disclosed:

 Directors:                                         Gary Shayne and Crispian Dillon
 Type of director:                                  Both directors serve on the board of directors of
                                                    the Company as non-executive directors
 Name of associate:                                 Gane Holdings Proprietary Limited (“Gane
                                                    Holdings”) in which Gary Shayne and Crispian
                                                    Dillon jointly hold an indirect controlling
                                                    shareholding through the ultimate holding
                                                    company, Coast2Coast Communications Limited

Dealing 1: Acquisition of shares by Gane Holdings

 Nature of transaction:                             Shareholders are referred to the announcement
                                                    dated 19 November 2015 relating to the acquisition
                                                    by Ascendis of 100% of Akacia Healthcare
                                                    Holdings Proprietary Limited and the subsequent
                                                    directors’ dealings announcement (also dated
                                                    19 November 2015) in terms of which Gane
                                                    Holdings granted the disposing shareholders
                                                    (“Akacia Vendors”) a put option, and the Akacia
                                                    Vendors granted Gane Holdings a reciprocal call
                                                    option, in respect of the Ascendis shares issued as
                                                    part settlement of the purchase consideration
                                                    (“Option Agreement”).

                                                    Gane Holdings has now exercised its call option
                                                    pursuant to the Option Agreement and purchased
                                                    a pre-determined number of Ascendis shares from
                                                    the Akacia Vendors.

 Date of transaction:                               7 May 2018
 Type of transaction:                               Off-market purchase of shares
 Class of shares:                                   Ordinary shares
 Number of shares purchased in terms of the call
 option exercised:                                  2,569,282
 
 Option exercise price:                             R33.4198
 Total value of the transaction:                    R85,864,983.35
 Nature of interest:                                Indirect beneficial
 Written clearance obtained:                        Clearance was obtained from the Chairman

Dealing 2: Sale of shares by Gane Holdings

 Nature of transaction:                             Sale of Ascendis shares by Gane Holdings in
                                                    settlement of a pre-agreed financing arrangement
                                                    entered into by Gane Holdings and an external
                                                    financier
 Date of transaction:                               9 May 2018
 Type of transaction:                               Off-market sale of shares
 Class of shares:                                   Ordinary shares
 Number of shares:                                  5,870,841
 Price per share:                                   R24.9088
 Total value of transaction:                        R146,235,604.30
 Nature of interest:                                Indirect beneficial
 Written clearance obtained:                        Clearance was obtained from the Chairman

Bryanston
10 May 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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