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

Release Date: 28/02/2019 11:30
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 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.

                                    In terms of paragraph 3.70 of the JSE Listings Requirements,
                                    the JSE has granted a waiver in respect of dealings in the
                                    Company’s shares in a closed period by associates of Mr G
                                    Shayne. Mr G Shayne has no discretion in respect of these
                                    dealings due to the trades being forced sales.

Class of shares:                    Ordinary shares
Written clearance obtained:         Clearance was obtained from the Chairman
Trade 1:
Date of transaction:                22 February 2019
Number of shares:                   44,293
Price per share (low):              R5.75
Price per share (high):             R5.80
Volume weighted average price:      R5.7660
Value:                              R255,393.44
Trade 2:
Date of transaction:                25 February 2019
Number of shares:                   85,766
Price per share (low):              R5.69
Price per share (high):             R5.83
Volume weighted average price:      R5.7943
Value:                              R496,953.93
Trade 3:
Date of transaction:               26 February 2019
Number of shares:                  150,943
Price per share (low):             R5.94
Price per share (high):            R6.31
Volume weighted average price:     R6.1547
Value:                             R929,008.88
Trade 4:
Date of transaction:               27 February 2019
Number of shares:                  55,431
Price per share (low):             R6.08
Price per share (high):            R6.23
Volume weighted average price:     R6.1305
Value:                             R339,819.75



Bryanston
28 February 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 28/02/2019 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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