Sharenet Sites 
Sharenet Sites
Results of rights offer
Ascendis Health Limited
(Registration number 2008/005856/06)
(Incorporated in the Republic of South Africa)
Share code: ASC
ISIN: ZAE000185005
(“Ascendis” or “the Company”)
RESULTS OF RIGHTS OFFER
1. INTRODUCTION
Shareholders of Ascendis (“Shareholders”) are referred to the announcement released on SENS on 26 July
2022 wherein Shareholders were advised that the board of directors of Ascendis has resolved to raise an amount
of R101 530 000 by way of a fully underwritten non-renounceable rights offer (the “Rights Offer”), through an
offer of 143 000 000 new Ascendis shares at an issue price of 71 cents per share, in the ratio of 29.70633 Rights
Offer shares for every 100 Ascendis shares held on the record date for participating in such Rights Offer.
The Board continues to make progress towards providing a stable and value accretive base for the future of the
Ascendis Group. This entails reducing the debt to sustainable levels and the retention and capacitation of
businesses that lay the foundation for the Group to achieve its growth plans and return to scale.
2. RESULTS OF RIGHTS OFFER
The Rights Offer closed on Friday, 19 August 2022. The results of the Rights Offer are set out below:
Number of Rights % of Rights Offer
Offer Shares shares
Rights Offer shares available for subscription 143 000 000 100%
Rights Offer shares subscribed for 46 660 427 32.63%
Excess applications for Rights Offer shares received 111 778 429 78.17%
Rights Offer shares allocated for excess applications 96 339 573 67.37%
Rights Offer shares allocated to the Underwriter - -
3. ISSUE OF RIGHTS OFFER SHARES
Share certificates will be posted to certificated Shareholders who followed their rights on or about Monday,
22 August 2022.
The Central Securities Depository Participant (“CSDP”) or broker accounts of holders of dematerialised shares
who followed their rights will be credited with the Rights Offer shares and debited with any payments due on
Monday, 22 August 2022.
4. EXCESS APPLICATIONS
The excess Rights Offer shares applied for will be allocated in a manner viewed as equitable in terms of the JSE
Listings Requirements, taking cognisance of the number of shares held by the Shareholder, including those taken
up as a result of the Rights Offer and the number of excess Rights Offer shares applied for by such Shareholder.
Share certificates will be posted to holders of certificated shares who have been allocated excess Rights Offer
shares on or about Wednesday, 24 August 2022.
The CSDP or broker account of holders of dematerialised shares who have been allocated excess Rights Offer
shares, will be credited with the excess Rights Offer shares on or about Wednesday, 24 August 2022.
Refund payments in respect of unsuccessful applications will be made to the relevant applicants on or about
Wednesday, 24 August 2022. No interest will be paid on monies received in respect of unsuccessful applications.
5. RIGHTS OFFER SHARES ISSUED TO DIRECTORS OF ASCENDIS AND THEIR ASSOCIATES
Shareholders are advised that the following Rights Offer Shares were issued to directors of Ascendis and their
associates.
Class of security: Ordinary shares
Date of transaction: 22 August 2022
Nature of transactions: Purchase in terms of Rights Offer
Price per security: R0.71
Written clearance obtained: N/A
Name of director: Harry Smit
Nature and extent of interest: Direct beneficial
Number of securities: 210 354
Total value: R149 351.34
Name of director: Bharti Harie
Nature and extent of interest: Direct beneficial
Number of securities: 1 054
Total value: R748.34
Name of director: Carl Neethling
Nature and extent of interest: Direct beneficial
Number of securities: 2 083 544
Total value: R1 479 316.24
Name of director: Bharti Harie
Name of associate: Grenture (Pty) Ltd
Nature and extent of interest: Indirect beneficial – Bharti Harie is a beneficiary of the trust that is the
shareholder of the company
Number of securities: 56 323
Total value: R39 989.33
Name of director: Bharti Harie
Name of associate: Rajeev Batohi
Nature and extent of interest: Indirect non-beneficial – Bharti Harie is the spouse of Rajeev Batohi
Number of securities: 1 941
Total value: R1 378.11
Name of director: Carl Neethling
Name of associate: Dendrobium (Pty) Ltd
Nature and extent of interest: Indirect beneficial – Carl Neethling is a director
Number of securities: 24 401 879
Total value: R17 325 334
Name of director: Carl Neethling
Name of associate: Blee Beleggings (Pty) Ltd
Nature and extent of interest: Indirect non-beneficial – Carl Neethling is a director
Number of securities: 5 027 483
Total value: R3 569 512.93
22 August 2022
Bryanston
Sponsor:
Questco Proprietary Limited
Date: 22-08-2022 04:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
