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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
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