Wrap Text
Results of the Offer and exercise of the Stabilisation Option
Novus Holdings Limited
(Previously Paarl Media Group Proprietary Limited)
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
(“Novus” or the “Company”)
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO DO SO
Results of the Offer and exercise of the Stabilisation Option
Unless otherwise indicated, defined terms used in this announcement are as set out in the pre-listing statement of
Novus, dated 4 March 2015 (“Pre-listing Statement”). This announcement has also been prepared with reference to
the Pre-Listing Statement and the announcements released on SENS on 4 March 2015, 16 March 2015 and 24 March
2015 regarding the results of the Offer and the exercise of the Stablisation Option.
1. Results of the Offer
The book build in relation to the Offer closed at 12:00 on Thursday, 26 March 2015. Novus has successfully placed
80,000,000 Offer Shares at a price of R13.25 per Offer Share. Furthermore, the Stabilisation Manager has overallotted
an additional 7,500,000 Stabilisation Shares, pursuant to the Stabilisation Option granted to it by Media24.
The proceeds received from the Offer Shares were R1,060 million and will be used in full to settle the Aggregate
Repurchase Price. The proceeds received from the Stablisation Shares were R99 million and will accrue to Media24.
The total proceeds raised from the Offer Shares and the Stablisation Shares were R1,159 million.
The Settlement Date for the Offer is scheduled for Monday, 30 March 2015 and the Listing Date is scheduled for
Tuesday, 31 March 2015. Any change in these dates will be announced on SENS.
Based on a total of 347,332,454 Ordinary Shares outstanding at the Listing Date, it is anticipated that the Company will
have a free float of approximately 26.0% (28.3% excluding treasury shares of Novus).
2. Stabilisation
The Stabilisation Manager may, subject to applicable laws and regulations, and only during the 30-day Stabilisation
Period commencing on the Listing Date, effect transactions which may support the market price of the Ordinary Shares.
Such stabilisation, if commenced, may be discontinued at any time without prior notice and will in any event be
discontinued after the Stabilisation Period. There is, however, no assurance that the Stabilisation Manager will
undertake any stabilisation actions.
26 March 2015
Johannesburg
Investment Bank, Bookrunner, Stabilisation Manager and Sponsor
Investec Bank Limited
Legal Advisors
Van der Spuy and Partners (Western Cape) Incorporated, Werksmans Incorporated and Glyn Marais Incorporated
Reporting Accountants and Auditors
PricewaterhouseCoopers Incorporated
Transfer Secretaries
Link Market Services South Africa Proprietary Limited
Date: 26/03/2015 03:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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