Edition:
India

Ascendis Health Ltd (ASCJ.J)

ASCJ.J on Johannesburg Stock Exchange

1,776.00ZAc
21 Nov 2017
Change (% chg)

142.00 (+8.69%)
Prev Close
1,634.00
Open
1,601.00
Day's High
1,800.00
Day's Low
1,555.00
Volume
1,708,598
Avg. Vol
434,979
52-wk High
2,600.00
52-wk Low
1,555.00

Latest Key Developments (Source: Significant Developments)

Ascendis Health says fully underwritten renounceable rights offer of 750 mln rand at 20.00 rand per share​
7:27pm IST 

Nov 21 (Reuters) - Ascendis Health Ltd :‍BOARD HAS RESOLVED TO UNDERTAKE A FULLY UNDERWRITTEN RIGHTS OFFER TO RAISE APPROXIMATELY R750 MILLION TO FUND ACCELERATED PAYMENT.​.‍RIGHTS OFFER IS FULLY UNDERWRITTEN BY A WHOLLY OWNED SUBSIDIARY OF MAJOR SHAREHOLDER, COAST2COAST CAPITAL PROPRIETARY LIMITED​.FULLY UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER OF 750 MILLION RAND AT 20.00 RAND PER SHARE​.  Full Article

Ascendis Health announces ‍transaction update relating to acquisition of Remedica​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - ASCENDIS HEALTH LTD ::‍TRANSACTION UPDATE RELATING TO ASCENDIS' ACQUISITION OF REMEDICA​.‍BOARD HAS RESOLVED TO RAISE EQUITY TO REPAY PORTION OF CO'S MEDIUM TERM DEBT OBLIGATIONS IN ORDER TO REDUCE ITS DEBT POSITION​.‍BOARD ELECTED TO SETTLE A PORTION OF DEFERRED PAYMENT IN ADVANCE OF ITS DUE DATE​.  Full Article

Ascendis Health intends to raise about 750 mln rand in rights offering​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Ascendis Health Ltd :‍COMPANY INTENDS TO RAISE APPROXIMATELY 750 MILLION RAND IN RIGHTS OFFERING​.‍PROCEEDS WILL BE USED TO SETTLE A SIGNIFICANT PORTION OF OUTSTANDING DEFERRED VENDOR CONSIDERATION PAYMENTS​.‍ANTICIPATED THAT RIGHTS OFFER SHARES WILL BE OFFERED AT A PREMIUM TO CURRENT MARKET PRICE​.  Full Article

Ascendis says MD S.Africa operations to retire in June 2018
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - ASCENDIS HEALTH LTD ::‍CLIFF SAMPSON, MANAGING DIRECTOR OF ASCENDIS' SOUTH AFRICAN OPERATIONS, WILL REACH HIS RETIREMENT DATE ON 30 JUNE 2018​.‍SAMPSON HAS MADE HIMSELF AVAILABLE POST HIS RETIREMENT TO ENSURE A SMOOTH AND SUCCESSFUL HANDOVER​.‍BOARD IS IN PROCESS OF SECURING A REPLACEMENT EXECUTIVE​.  Full Article

Ascendis Health says rights offer oversubscribed by more than 300 pct
Monday, 8 Aug 2016 

Ascendis Health Ltd : Ascendis Health rights offer oversubscribed by more than 300 pct . Secured additional irrevocable undertakings from existing and new strategic shareholders to total value of 2.3 bln rand at time of release of circular . Says transactions will be concluded by beginning of September . Had secured required funding to conclude its recent 7.3 bln rand acquisitions of global pharma company Remedica and European sports nutrition company Scitec .Underwriting of rights offer was however not required as 54 mln rights offer shares were snapped up by supportive shareholders.  Full Article

Ascendis Health sets final terms for rights offer
Tuesday, 12 Jul 2016 

Ascendis Health Ltd : Final terms of a fully underwritten renounceable rights offer, posting of circular and notice of general meeting . Subscription price is at a discount of 13.3 pct to closing price on July 11 2016 . Qualifying shareholders are offered 54.5 mln new shares of no par value at subscription price of 22.00 rand per rights offer share . Transactions will be funded by way of a new debt facility to value of 180 mln eur, a vendor consideration placement of 1.2 - 1.5 bln rand and rights offer . It is Ascendis' intention to use proceeds of rights offer to partially fund transactions and associated transaction costs .Co has secured irrevocable undertakings from some existing shareholders, new strategic investors to total value of 2.3 bln rand to participate in rights offer.  Full Article

Ascendis Health says intends to raise 1.2 billion rand via rights offer
Thursday, 30 Jun 2016 

Ascendis Health Ltd : Intends to raise r1.2 billion, through a fully underwritten renounceable rights offer to part settle purchase consideration of acquisitions. .ABSA bank limited and HSBC bank plc have committed to fully underwrite rights offer.  Full Article

Ascendis Health announces two acquisitions
Tuesday, 24 May 2016 

Ascendis Health Ltd : Acquisition of Remedica Holdings Limited and Scitec International Societe A Responsabilite Limitee .Remedica deal for a consideration of between c.eur260 million and eur335million, Scitec International S.À R.L. for a consideration of c.eur170million.  Full Article