NOVUS HOLDINGS LIMITED - Director dealings in securities

Release Date: 17/07/2018 15:30
Code(s): NVS
 
Wrap Text
Director dealings in securities

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


DIRECTOR DEALINGS IN SECURITIES


In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements,
shareholders are advised of the following director dealings in securities.

The Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”)

In terms of the SAR Plan, certain employees of Novus Holdings may be selected
to receive “Share Appreciation Rights” or “SARs”, being a conditional right
to receive shares in Novus on relevant vesting dates in the future, subject
to certain conditions as may be specified in the award notices issued to
participants. In terms of the SAR Plan, participants are required to accept
the grant of the SAR within a period specified in the grant letter.

The Remuneration Committee has resolved to grant awards to executive
directors of Novus Holdings and its major subsidiaries in terms of the Novus
Holdings Limited Share Appreciation Rights Plan.

The following executive directors of Novus Holdings and its major
subsidiaries have been granted awards on 13 July 2018 in terms of the SAR
Plan.

 Director                   Neil William Birch
 Company                    Novus Holdings Limited
 Grant Date                 13 July 2018
 Acceptance Date            13 July 2018
 Nature of Transaction      Off market grant and acceptance of SARs award
 Class of Securities        Ordinary Shares
 Number of Awards           1 684 223
 Grant price                R 4.12
 Value of the Transaction   R 6 939 000.00
 Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

 Director                   Craig Wright
 Company                    Paarl Media Holdings (Pty) Ltd
 Grant Date                 13 July 2018
 Acceptance Date            13 July 2018
 Nature of Transaction      Off market grant and acceptance of SARs award
 Class of Securities        Ordinary Shares
 Number of Awards           225 896
 Grant price                R 4.12
 Value of the Transaction   R 930 693.38
 Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

Director                    Kelvin Pillay
Company                     Paarl Media (Pty) Ltd
Grant Date                  13 July 2018
Acceptance Date             13 July 2018
Nature of Transaction       Off market grant and acceptance of SARs award
Class of Securities         Ordinary Shares
Number of Awards            282 889
Grant price                 R 4.12
Value of the Transaction    R 1 165 502.20
Vesting Period              SARs will vest one third (1/3) per annum on the
                             third, fourth and fifth anniversary dates from the
                             date of grant, subject to the exercise thereof by
                             the participant
 Nature of the Interest      Direct Beneficial
 Clearance obtained          Yes

Director                     Paul De Bruin
Company                      Paarl Media (Pty) Ltd
Grant Date                  13 July 2018
Acceptance Date             13 July 2018
Nature of Transaction       Off market grant and acceptance of SARs award
Class of Securities         Ordinary Shares
Number of Awards            242 825
Grant price                 R 4.12
Value of the Transaction    R 1 000 437.26
Vesting Period              SARs will vest one third (1/3) per annum on the
                             third, fourth and fifth anniversary dates from the
                             date of grant, subject to the exercise thereof by
                             the participant
Nature of the Interest      Direct Beneficial
Clearance obtained          Yes

Director                   Ralph Ruthford
Company                    Paarl Coldset (Pty) Ltd
Grant Date                 13 July 2018
Acceptance Date            13 July 2018
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           219 038
Grant price                R 4.12
Value of the Transaction   R 902 437.77
Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

Director                   Luke Papadopoulos
Company                    Paarl Labels PTY LTD
Grant Date                 13 July 2018
Acceptance Date            13 July 2018
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           216 251
Grant price                R 4.12
Value of the Transaction   R 890 953.72
Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

Director                   Trevor Davies
Company                    I T B MANUFACTURING (PROPRIETARY) LIMITED
Grant Date                 13 July 2018
Acceptance Date            13 July 2018
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           353 687
Grant price                R 4.12
Value of the Transaction   R 1 457 190.00
Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

Director                   Michelene Locke
Company                    I T B MANUFACTURING (PROPRIETARY) LIMITED
Grant Date                 13 July 2018
Acceptance Date            13 July 2018
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           201 724
Grant price                R 4.12
Value of the Transaction   R 831 104.15
Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

Director                   Peter Metcalf
Company                    Paarl Media Holdings Pty Ltd
Grant Date                 13 July 2018
Acceptance Date            13 July 2018
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           503 610
Grant price                R 4.12
Value of the Transaction   R 2 074 873.41
Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes

Director                   Mike Ehret
Company                    Paarl Media Holdings Pty Ltd
Grant Date                 13 July 2018
Acceptance Date            13 July 2018
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           459 642
Grant price                R 4.12
Value of the Transaction   R 1 893 725.27
Vesting Period             SARs will vest one third (1/3) per annum on the
                            third, fourth and fifth anniversary dates from the
                            date of grant, subject to the exercise thereof by
                            the participant
 Nature of the Interest     Direct Beneficial
 Clearance obtained         Yes




Cape Town
17 July 2018

Sponsor: Investec Bank Limited

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