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

2019/01/09 16:09:00
SENS announcement for JSE listed company: ASC
                        

ASC 201901090017A
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.

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

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 actioned by
financial institutions as a result of the shares being linked to
equity finance transactions resulting in margin calls where C2C
has not fulfilled such margin calls. This results in the financial
institutions exercising their rights to sell a sufficient number of
the Company’s shares held by them as security and as such,
protect their loans to C2C.

Class of shares: Ordinary shares

Written clearance obtained: Clearance was obtained from the Chairman

Trade 1:
Date of transaction: 3 January 2019

Number of shares: 212,185

Price per share (low): R4.31

Price per share (high): R4.50

Volume weighted average price: R4.3795

Value: R929,264.21

Trade 2:
Date of transaction: 4 January 2019

Number of shares: 110,392

Price per share (low): R4.50

Price per share (high): R4.66

Volume weighted average price: R4.5086

Value: R497,713.37

Trade 3:
Date of transaction: 7 January 2019

Number of shares: 9,361

Price per share (low): R4.55

Price per share (high): R4.58

Volume weighted average price: R4.5622

Value: R42,706.75

Trade 4:
Date of transaction: 8 January 2019

Number of shares: 68,791

Price per share (low): R4.70

Price per share (high): R4.80

Volume weighted average price: R4.7422

Value: R326,220.68

Bryanston
9 January 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 09/01/2019 04:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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