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NOVUS HOLDINGS LIMITED - Cautionary Announcement-Media 24 Printing Agreements

Release Date: 15/12/2017 07:05
Code(s): NVS     PDF:  
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Cautionary Announcement-Media 24 Printing Agreements

Novus Holdings Limited
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
(“Novus Holdings” or “the Company”)


CAUTIONARY ANNOUNCEMENT – MEDIA 24 PRINTING AGREEMENTS


Shareholders are referred to the announcement released by Novus Holdings on the Stock Exchange
News Service dated 3 October 2017 in relation to the termination of the existing printing agreements
between Novus Holdings and Media24 Proprietary Limited (“Media24”) and are advised that
negotiations have progressed between Novus Holdings and Media24 in respect of the finalization of
new printing arrangements. These negotiations are expected to be concluded during February 2018 and
the new printing arrangements are expected to become effective from 1 April 2018.

At this stage it is expected that the new printing terms and conditions being negotiated once finalized
could have a substantial adverse impact on Novus Holdings earnings and headline earnings for the
financial year commencing 1 April 2018.

Shareholders are accordingly advised to exercise caution when dealing in Novus Holdings shares until
a further announcement is made.


Cape Town

15 December 2017

Sponsor: Investec Bank Limited

Date: 15/12/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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