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NOVUS HOLDINGS LIMITED - Offer and Listing of Novus

Release Date: 24/03/2015 10:44
Code(s): NVS     PDF:  
Wrap Text
Offer and Listing of Novus

Novus Holdings Limited
(Formerly known as Paarl Media Group Proprietary Limited)
(Incorporated in the Republic South Africa)
(Registration number 2008/011165/06)
JSE share code: NVS
ISIN: ZAE000202149
(“Novus” or the “Company”)


OFFER AND LISTING OF NOVUS


Reference is made to the Company’s announcement (“Announcement”) published on SENS on Monday, 16 March
2015, detailing an urgent application lodged by Caxton and CTP Publishers and Printers Limited to the Competition
Tribunal (“Application”) that Media24 Proprietary Limited (“Media24”), Novus, Adbait Proprietary Limited and
Lambert Retief "notify the acquisition of sole control by Media24 over Novus as well as an order prohibiting the
implementation of the restated management agreement arising as a result of the Novus listing until such time as the
change of control so brought about by the listing as a result of the implementation of the restated management
agreement has been approved by the Tribunal”.

This matter was heard by the Competition Tribunal on Friday, 20 March 2015. On Monday, 23 March 2015, the
Competition Tribunal dismissed the Application. As such, the Novus listing will go ahead as scheduled. For ease of
reference, the salient dates and times of the offer and listing as disclosed in the Announcement remain as set out
below:

 Key action                                                                                        2015

 Last date and time for indications of interest for purposes of book building to be received
 up until 12:00 on                                                                                Wednesday, 25 March

 Closing date of the offer at 12:00 on                                                            Thursday, 26 March

 Successful applicants advised of allocations by                                                  Thursday, 26 March

 Publication date of the final offer price and final number of offer shares released on SENS      
 on                                                                                               Thursday, 26 March 
 
 Publication date of the final offer price and final number of offer shares published in the
 press on                                                                                         Friday, 27 March
 
 Payment date for allocated Novus shares on                                                       Monday , 30 March

 Listing date on                                                                                  Tuesday, 31 March

 Accounts at CSDP or broker updated and credited in respect of dematerialised
 shareholders on                                                                                  Tuesday, 31 March
 

All dates and times referred to above are subject to change and any such change will be released on SENS.


24 March 2015
Johannesburg

Sponsor
Investec Bank Limited

Date: 24/03/2015 10:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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