NOVUS HOLDINGS LIMITED - Correction Announcement: Dealing in Securities by Directors

Release Date: 03/08/2018 16:06
Code(s): NVS
 
Wrap Text
Correction Announcement: Dealing in Securities by Directors

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




CORRECTION ANNOUNCEMENT: DEALING IN SECURITIES BY DIRECTORS



Shareholders are referred to the directors’ dealings announcement released on the Stock Exchange
News Service of the JSE Limited (“SENS”) on 17 July 2018, wherein it was disclosed that Neil William
Birch was granted and accepted an award of 1 684 223 Share Appreciation Rights (“SARs”) securities
off market at a total transaction value of R6 939 000.00. Shareholders are now advised that the
number of securities awarded was incorrectly stated. Accordingly, shareholders are advised to
disregard the previous announcement released on SENS on 17 July 2018, and to refer to the correct
information below:

 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                                  1,347,379
 Grant price                                       R 4.12
 Value of the Transaction                          R5,551,201.48
 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




03 August 2018
Cape Town


Sponsor
INVESTEC BANK LIMITED

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