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Ascendis - cautionary announcement
Shareholders were advised that the board of directors of the Company ("Board") has initiated a process regarding a potential delisting of Ascendis from the JSE, together with a conditional offer by the Company to repurchase the Ascendis ordinary shares (excluding treasury shares) ("Shares") from those shareholders wishing to dispose thereof, at a cash price of R0.97 per Share (the "Potential Repurchase Offer"), subject to, inter alia, it being confirmed fair, as supported by a fairness opinion to be issued by an independent expert.
The terms of the Potential Repurchase Offer may have a material effect on the price of the Company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the Company's securities until a further announcement is made.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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