NOVUS HOLDINGS LIMITED - Results of Mandatory Offer to Novus Shareholders

Results of Mandatory Offer to Novus Shareholders

NOVUS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/011165/06)
Share code: NVS
ISIN: ZAE000202149
("Novus")

A2 INVESTMENT PARTNERS PROPRIETARY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2021/530443/07)
("Offeror")


RESULTS OF MANDATORY OFFER TO NOVUS SHAREHOLDERS


1.      Shareholders are referred to the joint announcement published on the Stock Exchange News Service
        ("SENS") on Friday, 26 November 2021, in terms of which it was announced that a combined circular
        (“Combined Circular”) was distributed to Novus Shareholders on Friday, 26 November 2021 in respect
        a mandatory offer by the Offeror, in terms of section 123 of the Companies Act, to acquire all of the Novus
        Shares not already held by the Offeror, or its associates (“Mandatory Offer”), for an Offer Consideration
        of 235 ZAR cents per Novus Share.

2.      As previously advised, the Combined Circular is available on Novus' website at https://novus.holdings/wp-
        content/uploads/2021/11/Novus-Holdings-Mandatory-Offer-Circular_Final.pdf

3.      Capitalised terms used but not defined herein shall have the meaning ascribed thereto in the Combined
        Circular unless the context indicates otherwise.

4.      MANDATORY OFFER RESULTS

        Shareholders are advised that the Offer was accepted in respect of 48,020,657 Novus shares, comprising
        13,85% of Novus’s issued share capital. Accordingly, the Offeror and its associates now hold 52,59% of
        the issued share capital of Novus (net of treasury shares).

5.      OFFEROR RESPONSIBILITY STATEMENT

        The Offeror accepts responsibility for the information contained in this announcement as it relates to the
        Offeror and certifies that, to the best of its knowledge and belief, the information contained herein is true
        and correct and confirms that this announcement does not omit anything that is likely to affect the
        importance of the information contained in it.

6.      INDEPENDENT BOARD RESPONSIBILITY STATEMENT

        The Independent Board accepts responsibility for the information contained in this announcement as it
        relates to Novus and confirms that to the best of their respective knowledge and belief, the information
        contained herein is true and correct and confirms that this announcement does not omit anything likely to
        affect the importance of the information contained in it.


Cape Town
24 January 2022

Sponsor to Novus
Merchantec Capital

Legal Advisor to Novus
Van der Spuy & Partners

Legal Advisor to the Offeror
ENSafrica

Date: 24-01-2022 10:01:00
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