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ASCENDIS HEALTH LIMITED - Dealings in securities by an associate of a director

Release Date: 26/10/2018 17:15
Code(s): ASC     PDF:  
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Dealings in securities by an associate of a director

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 a director


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


  Director:                            Gary Shayne

  Type of director:                    Non-executive director

  Name of associate:                   Gane Holdings Proprietary Limited (“Gane Holdings”)



  Nature and extent of interest:       Indirect beneficial – through Gane Holdings, in which Gary
                                       Shayne holds an indirect controlling shareholding through the
                                       ultimate holding company, Coast2Coast Communications
                                       Limited (“C2C”)

  Nature of transaction:               Sale, off market

                                       On 26 February 2016, Gane Holdings issued a convertible
                                       debenture, which is currently redeemable at a price per share
                                       determined using a negotiated pricing mechanism. As a result,
                                       Gane Holdings is now transferring Ascendis shares in
                                       settlement of the obligation.

                                       These shares are subject to a lock in period of 2 years from the
                                       date of redemption.

  Date of transaction:                 22 October 2018

  Class of shares:                     Ordinary shares

  Number of shares:                    891,455

  Price per share:                     R22.00

  Value:                               R19,612,010

  Written clearance obtained:          Clearance was obtained from the Chairman


Bryanston
26 October 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 26/10/2018 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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