| Wed 20 Dec 2017, 13:10 | | ASCENDIS HEALTH LIMITED - Notification in terms of Section 122(3) of the Companies Act and Section 3.83(b) of the JSE Listings Requirements |
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ASC 201712200037A
Notification in terms of Section 122(3) of the Companies Act and Section 3.83(b) of the JSE Listings Requirements
ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
ISIN: ZAE000185005 JSE share code: ASC
(“Ascendis” or “the Company”)
NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND
SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS
Shareholders of Ascendis (“Shareholders”) are referred to the rights offer results
announcement released on SENS on 18 December 2017 relating to the underwritten
renounceable rights offer (“Rights Offer”) to raise R750 million, which Rights Offer was
underwritten by a wholly owned subsidiary of Coast2Coast Capital Proprietary Limited
(“Coast2Coast”).
In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and
section 3.83(b) of the JSE Listing Requirements, holders of ordinary shares in Ascendis are
advised that, following the issue on 20 December 2017 of the underwrite shares in terms of
the Rights Offer, Coast2Coast’s beneficial interests in the securities of the Company
amounted to 32.4% of the total number of shares in issue.
Furthermore, Shareholders are referred to the directors’ dealings announcement released on
SENS on 20 December 2017 relating to the transfer of shares by Coast2Coast as a result of
the redemption of four debentures.
In accordance with section 122(3)(b) of the Act, and section 3.83(b) of the JSE Listing
Requirements, holders of ordinary shares in Ascendis are advised that, following the transfer
of shares, Coast2Coast’s beneficial interests in the securities of the Company now amount
to 28.8% of the total number of shares in issue.
Ascendis hereby confirms that it has received the required notices from Coast2Coast in
terms of Section 122(1) of the Act. As required in terms of section 122(3) (a) of the Act,
Ascendis has filed the required notice with the Takeover Regulation Panel.
Johannesburg
20 December 2017
Sponsor
Investec Bank Limited
Date: 20/12/2017 01:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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