NOVUS HOLDINGS LIMITED - Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme

Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme

Novus Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2008/011165/06)
JSE share code: NVS  ISIN: ZAE000202149
(“Novus” or “the Company”)


EXERCISE OF SHARE OPTIONS AND SALE OF SHARES IN TERMS OF THE NOVUS HOLDINGS
SHARE APPRECIATION RIGHTS SCHEME (2020 AWARDS)


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements,
shareholders are notified of the following dealings in securities by a director of major subsidiaries in
respect of the Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”).

In terms of the SAR Plan, on the SAR exercise date, the appreciation in each SAR is calculated by
deducting the grant price from the exercise price (“Appreciation Value”). The exercise price is the
market price of a Novus share at the exercise date. Following the exercise of the SAR, the participant
receives Novus shares from the Company equal to the Appreciation Value.

Executive Director:                                        Neil Birch
Companies:                                                 Novus Print Proprietary Limited
                                                           Maskew Miller Proprietary Limited
Class of securities:                                       Ordinary shares of no par value
Nature of interest:                                        Direct beneficial
Clearance to deal obtained:                                Yes

Nature of transaction:                                     Off-market exercise of SARs
Number of SAR awards:                                      431 889
Grant price:                                               R2.40
Date of award:                                             20 December 2019
Exercise date:                                             15 September 2023
Number of Novus shares received on exercise:               172 756
Deemed exercise price:                                     R4.00
Total value of transaction:                                R691 024.00

Nature of the transaction:                                 On market sale of shares
Date of transaction:                                       18 September 2023
Number of securities:                                      18 775
Price per security:                                        R3.95
Total value:                                               R74 161.25

Cape Town
21 September 2023

Sponsor
Merchantec Capital

Date: 21-09-2023 04:05:00
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