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ASCENDIS HEALTH LIMITED - Dealings in securities by a director and associates of a director

Release Date: 16/11/2018 17:00
Code(s): ASC     PDF:  
Wrap Text
Dealings in securities by a director and 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 a director and 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 associate:                  Gane Holdings Proprietary Limited (“Gane Holdings”)

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

Nature of transactions:             Involuntary sale, off market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call.

                                    C2C is a long-term shareholder of Ascendis and remains
                                    confident in the strategy of the Company.


Date of transaction:                12 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   219,282

Price per share (low):              R4.44

Price per share (high):             R4.80

Volume weighted average price:      R4.70

Value:                              R1,030,625.40


Date of transaction:                13 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   471,287

Price per share (low):              R3.60

Price per share (high):             R4.35

Volume weighted average price:      R3.92960

Value:                              R1,851,969.40


Date of transaction:                14 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   878,087

Price per share (low):              R3.80

Price per share (high):             R4.31

Volume weighted average price:      R4.05450

Value:                              R3,560,203.74


Date of transaction:                15 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   245,886

Price per share (low):              R4.22

Price per share (high):             R4.35

Volume weighted average price:      R4.31440

Value:                              R1,060,850.56


Written clearance obtained:         Clearance was obtained from the Chairman



Director:                           Gary Shayne

Type of director:                   Non-executive director

Nature and extent of interest:      Direct beneficial

Nature of transaction:              Involuntary sale, off market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call

Date of transaction:                12 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   126,710

Price per share (low):              R4.00

Price per share (high):             R4.49

Volume weighted average price:      R4.07989

Value:                              R516,963.09


Nature of transaction:              Involuntary sale, on market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call

Date of transaction:                13 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   40,000

Price per share (low):              R3.85

Price per share (high):             R3.94

Volume weighted average price:      R3.88010

Value:                              R155,204.00


Nature of transaction:              Involuntary sale, on market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call

Date of transaction:                15 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   86,937

Price per share (low):              R4.30

Price per share (high):             R4.35

Volume weighted average price:      R4.30360

Value:                              R374,142.07


Written clearance obtained:         Clearance was obtained from the Chairman


Name of associate and               Valerie Shayne – spouse of Gary Shayne, a non-executive
relationship:                       director of the Company

Nature and extent of interest:      Direct beneficial

Nature of transaction:              Involuntary sale, off market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call

Date of transaction:                12 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   840,000

Price per share (low):              R4.00

Price per share (high):             R4.49

Volume weighted average price:      R4.01805

Value:                              R3,375,160.00


Nature of transaction:              Involuntary sale, on market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call

Date of transaction:                13 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   276,000

Price per share (low):              R3.85

Price per share (high):             R3.94

Volume weighted average price:      R3.88010

Value:                              R1,070,907.60


Nature of transaction:              Involuntary sale, on market, as a result of a forced sale
                                    actioned by a financial institution due to the shares being linked
                                    to an equity finance transaction resulting in a margin call

Date of transaction:                15 November 2018

Class of shares:                    Ordinary shares

Number of shares:                   20,000

Price per share (low):              R4.30

Price per share (high):             R4.35

Volume weighted average price:      R4.30360

Value:                              R86,072.00



Bryanston
16 November 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 16/11/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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