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

Release Date: 29/03/2019 14:00
Code(s): ASC     PDF:  
 
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Dealings in securities by 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 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 associates 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 lenders due to exercising their rights under security
                                    instruments.
Class of shares:                    Ordinary shares
Written clearance obtained:         Clearance was obtained from the Chairman.

Trade 1:
Date of transaction:                25 March 2019
Number of shares:                   91,423
Price per share (low):              R3.85
Price per share (high):             R4.05
Volume weighted average price:      R3.9436
Value:                              R360,535.74

Trade 2:
Date of transaction:                26 March 2019
Number of shares:                   220 000
Price per share (low):              R3.90
Price per share (high):             R4.20
Volume weighted average price:      R4.0546
Value:                              R892,012.00

Trade 3:
Date of transaction:                27 March 2019
Number of shares:                   73,417
Price per share (low):              R3.92
Price per share (high):             R4.01
Volume weighted average price:      R3.9790
Value:                              R292,126.24

Trade 4:
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, off market, as a result of forced sales
                                    actioned by lenders due to exercising their rights under
                                    security instruments.
Class of shares:                    Ordinary shares
Date of transaction:                26 March 2019
Number of shares:                   1 000 000
Price per share:                    R3.90
Value:                              R3,900,000.00

Trade 5:
Name of associate:                  Coast2Coast Capital Proprietary Limited (“C2C Capital”)
Nature and extent of interest:      Indirect beneficial – through C2C Capital, in which Gary
                                    Shayne 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 forced sales
                                    actioned by lenders due to exercising their rights under
                                    security instruments
Class of shares:                    Ordinary shares
Date of transaction:                26 March 2019
Number of shares:                   1 250 000
Price per share:                    R3.90
Value:                              R4,875,000.00

Bryanston
29 March 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

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