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

Release Date: 25/03/2019 16:15
Code(s): ASC     PDF:  
 
Wrap Text
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 Health” 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
Class of shares:                    Ordinary shares
Written clearance obtained:         Clearance was obtained from the Chairman
Trade 1:
Date of transaction:                18 March 2019
Number of shares:                   86,213
Price per share (low):              R4.50
Price per share (high):             R4.66
Volume weighted average price:      R4.5167
Value:                              R389,398.26
Trade 2:
Date of transaction:                19 March 2019
Number of shares:                   176,776
Price per share (low):              R4.45
Price per share (high):             R4.50
Volume weighted average price:      R4.4547
Value:                              R787,484.04
Trade 3:
Date of transaction:                20 March 2019
Number of shares:                   123,235
Price per share (low):              R3.80
Price per share (high):             R3.98
Volume weighted average price:      R3.8137
Value:                              R469,978.41
Trade 4:
Date of transaction:                22 March 2019
Number of shares:                   153,760
Price per share (low):              R3.85
Price per share (high):             R4.18
Volume weighted average price:      R3.9701
Value:                              R610,457.96

Bryanston
25 March 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

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