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Demand to call a shareholders’ meeting

Published: 2022-03-17 13:33:00 ET
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Ascendis Health Limited (JSE:ASC) News - Demand to call a shareholders’ meeting

 Ascendis Health Limited
 (Registration number 2008/005856/06)
 (Incorporated in the Republic of South Africa)
 Share code: ASC
 ISIN: ZAE000185005
 (“Ascendis Health” or “the Company”)


                                   DEMAND TO CALL A SHAREHOLDERS’ MEETING


Shareholders are advised that the Company has received a demand in terms of section 61(3) of the Companies
Act, No. 71 of 2008, as amended (the “Companies Act”), read with clause 20.1.3 of the Company’s Memorandum
of Incorporation (the “Demand”) from Alpvest Equities Proprietary Limited (“Alpvest”), Dendrobium Capital
Proprietary Limited (“Dendrobium”) and Andre Carl Neethling (“Carl Neethling”) in their capacities as
shareholders of the Company, to call a general meeting of shareholders (“General Meeting”). Alpvest,
Dendrobium and Carl Neethling are shareholders with a collective 11.01% interest in the voting rights of the
Company.

The purpose of the General Meeting is to appoint Amaresh Chetty, Bharti Harie and Carl Neethling as non-
executive directors of the Company (“the Proposed Appointments”).

The Company is mindful of the impact of the changes made to the board on 20 December 2021, the ongoing
recapitalisation process and the current rights of its lenders. In light of this, it is evaluating with its legal advisers
the permissibility and potential impact of the Proposed Appointments.


17 March 2022
Bryanston

Sponsor
Questco Corporate Advisory Proprietary Limited




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Date: 17-03-2022 03:33:00
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