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Dealings in securities by associates 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 associates of a director
In terms of paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information, relating to dealings in securities by an associate of a director, is disclosed:
Name of director: Gary Shayne (non-executive)
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 transactions: Involuntary sale, on market, as a result of forced sales actioned
by financial institutions due to the shares being linked to equity
finance transactions resulting in margin calls.
C2C is a long-term shareholder of Ascendis and remains
confident in the strategy of the Company.
Class of shares: Ordinary shares
Written clearance obtained: Clearance was obtained from the Chairman
Trade 1:
Date of transaction: 5 December 2018
Number of shares: 38,899
Price per share (low): R3.80
Price per share (high): R3.83
Volume weighted average price: R3.8135
Value: R148,341.34
Trade 2:
Date of transaction: 6 December 2018
Number of shares: 5,009
Price per share (low): R3.80
Price per share (high): R3.81
Volume weighted average price: R3.8099
Value: R19,083.79
Trade 3:
Date of transaction: 7 December 2018
Number of shares: 26,164
Price per share (low): R3.79
Price per share (high): R3.85
Volume weighted average price: R3.8248
Value: R100,072.07
Trade 4:
Date of transaction: 10 December 2018
Number of shares: 41,376
Price per share (low): R3.50
Price per share (high): R3.65
Volume weighted average price: R3.5436
Value: R146,619.99
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 transactions: On 26 February 2016, Gane Holdings issued a convertible
debenture and, in terms of its contractual obligation, is now
transferring Ascendis shares in part settlement thereof (off-
market)
Class of shares: Ordinary shares
Written clearance obtained: Clearance was obtained from the Chairman
Date of transaction: 7 December 2018
Number of shares: 1,018,090
Price per share: R19.17
Value: R19,516,785.30
Nature and extent of interest: Indirect beneficial – Gane Holdings, through a wholly-owned
subsidiary, K2016119851 (South Africa) (Pty) Ltd. Gary
Shayne holds an indirect controlling shareholding in Gane
Holdings through the ultimate holding company, Coast2Coast
Communications Limited (“C2C”).
Nature of transactions: Involuntary sale, on market, as a result of forced sales actioned
by financial institutions due to the shares being linked to equity
finance transactions resulting in margin calls.
C2C is a long-term shareholder of Ascendis and remains
confident in the strategy of the Company.
Class of shares: Ordinary shares
Written clearance obtained: Clearance was obtained from the Chairman
Trade 1:
Date of transaction: 7 December 2018
Number of shares: 80,000
Price per share (low): R3.78
Price per share (high): R3.91
Volume weighted average price: R3.8168
Value: R305,344.00
Trade 2:
Date of transaction: 10 December 2018
Number of shares: 120,000
Price per share (low): R3.40
Price per share (high): R3.65
Volume weighted average price: R3.4788
Value: R417,456.00
Bryanston
11 December 2018
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 11/12/2018 11:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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