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NOVUS:  541   +1 (+0.19%)  17/04/2026 19:00

NOVUS HOLDINGS LIMITED - Update announcement relating to the disposal of the Novus Print Letting Enterprise

Release Date: 17/04/2026 16:23
Code(s): NVS     PDF:  
Wrap Text
Update announcement relating to the disposal of the Novus Print Letting Enterprise

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

UPDATE ANNOUNCEMENT RELATING TO THE DISPOSAL OF THE NOVUS PRINT LETTING
ENTERPRISE

Shareholders are referred to the announcement released on SENS on 19 March 2026 regarding the
conclusion of a sale agreement ("Agreement") between Novus Print Proprietary Limited ("Novus
Print" or "Seller") and Firm Favourite Investments 10 Proprietary Limited ("Purchaser") for the
disposal of the Novus Print Letting Enterprise to the Purchaser for a consideration of R91,7 million,
inclusive of VAT at 0% ("Disposal Consideration") ("Disposal").

Shareholders are hereby advised that the Seller and the Purchaser have entered into a written
addendum to the Agreement ("Addendum"), in terms of which certain amendments to the terms of
the Disposal have been agreed.

In terms of the Addendum:
• the date for fulfilment (or waiver, to the extent legally permissible) of the conditions precedent
  has been extended from 17 April 2026 to 30 April 2026, or such later date as may be agreed in
  writing between the parties; and
• following completion of the Purchaser's due diligence investigation, the parties have agreed to
  amend the Disposal Consideration to R85 million.

Save for the above amendments, all other terms of the Disposal remain unchanged.

Based on the revised Disposal Consideration of R85 million, the Disposal remains classified as a
Category 2 transaction in terms of the JSE Listings Requirements.

Cape Town
17 April 2026

Sponsor
PSG Capital

Date: 17-04-2026 04:23:00
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