Finalisation Announcement Relating To The Odd-Lot Offer
Novus Holdings Limited
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
(“Novus Holdings”, “the Company” or “the Group”)
FINALISATION ANNOUNCEMENT RELATING TO THE ODD-LOT OFFER
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear
the same meanings ascribed thereto in Annexure 1 in the Integrated Annual Report.
Introduction
Shareholders are referred to Annexure 1 in the Integrated Annual Report posted on 29 June 2018 and
the SENS announcement dated 4 July 2018, relating to the implementation of an Odd-lot Offer.
Shareholders are hereby advised that the board of directors of Novus Holdings has finalised the
pricing in respect of the Odd-lot Offer, which has been set out below.
Offer Prices
The gross price at which the Company will repurchase the Odd-lot Offer Shares is R4.0273 (“the Offer
Price”) The Odd-Lot Offer is subject to dividends withholding tax at a rate of 20% in respect of those
Odd-lot Holders who are not exempt from dividend tax. The Offer Price net of such dividends
withholding tax is R3.22184 (“the Net Offer Price”). .
The Offer Price was calculated on the volume weighted average price at which Novus Holdings Shares
traded for the 30 days preceding the Last Practicable Date, plus a 5% (five percent) premium.
Shareholders who choose the Cash Consideration will receive the Offer Price multiplied by the number
of Novus Holdings Shares held by them on the Odd-lot Offer Record Date.
Implementation of the offers
The Odd-lot Offer has been declared unconditional and salient dates and times and all other
information relating thereto as disclosed in Annexure 1 in the Integrated Annual Report, remain
unchanged.
Shareholders are however reminded that the Odd-lot Offer closes at 12h00 on Friday, 7 September
2018.
Cape Town
28 August 2018
Sponsor: Investec Bank Limited
Date: 28/08/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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