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

Release Date: 18/12/2018 14:03
Code(s): ASC     PDF:  
Wrap Text
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 3.66 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 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.

Class of shares:                    Ordinary shares

Written clearance obtained:         Clearance was obtained from the Chairman

Trade 1:
Date of transaction:                11 December 2018

Number of shares:                   30,000

Price per share (low):              R3.43

Price per share (high):             R3.61

Volume weighted average price:      R3.4600

Value:                              R103,800.00

Trade 2:
Date of transaction:                13 December 2018

Number of shares:                   103,364

Price per share (low):              R3.35

Price per share (high):             R3.40

Volume weighted average price:      R3.3516
Value:                              R346,434.78

Trade 3:
Date of transaction:                14 December

Number of shares:                   280,769

Price per share (low):              R3.35

Price per share (high):             R3.45

Volume weighted average price:      R3.3596

Value:                              R943,271.53


Nature and extent of interest:      Indirect beneficial – Gane Holdings, through a wholly-owned
                                    subsidiary, K2016119851 (South Africa) (Pty) Ltd. Gary
                                    Shayne holds an indirect controlling shareholding in Gane
                                    Holdings 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:                11 December 2018

Number of shares:                   75,426

Price per share (low):              R3.43

Price per share (high):             R3.75

Volume weighted average price:      R3.4909

Value:                              R263,304.62

Trade 2:
Date of transaction:                12 December 2018

Number of shares:                   290,000

Price per share (low):              R3.12

Price per share (high):             R3.38

Volume weighted average price:      R3.1809

Value:                              R922,461.00

Trade 3:
Date of transaction:                13 December 2018

Number of shares:                   300,000

Price per share (low):              R3.11

Price per share (high):             R3.35

Volume weighted average price:      R3.2168

Value:                              R965,040.00

Trade 4:
Date of transaction:                14 December 2018

Number of shares:                   700,000

Price per share (low):              R3.17

Price per share (high):             R3.45

Volume weighted average price:      R3.2869

Value:                              R2,300,830.00



Bryanston
18 December 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 18/12/2018 02:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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