BRIEF-Ascendis Health Announces Disposals Of Dezzo Trading, Ascendis Direct Selling

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BRIEF-Ascendis Health Announces Disposals Of Dezzo Trading, Ascendis Direct Selling
Credit: © Reuters.

Sept 21 (Reuters) - Ascendis Health Ltd ASCJ.J :

* JSE: ASC - DISPOSALS OF DEZZO TRADING AND ASCENDIS DIRECT SELLING

* ASCENDIS HEALTH LTD - ESTIMATED CONSIDERATION IS R25 MILLION

* ASCENDIS HEALTH LTD - CONSIDERATION IS CAPPED AT A MAXIMUM VALUE OF R80 MILLION

* ASCENDIS HEALTH LTD - TOTAL CASH CONSIDERATION OF DIRECT SELLING TRANSACTION IS R10.5 MILLION WHICH HAS BEEN RECEIVED BY ASCENDIS HEALTH

* ASCENDIS HEALTH - BOARD CONCLUDED DISPOSAL OF NON-CORE ASSETS, SUCH AS DEZZO TRADING, WILL ASSIST IN REDUCING DEBT LEVELS OF ASCENDIS HEALTH GROUP

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