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NOVUS HOLDINGS LIMITED - Announcement by Novus in respect of dealings in securities in accordance with the Companies Regulations, 2011

Release Date: 05/08/2025 12:50
Code(s): NVS     PDF:  
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Announcement by Novus in respect of dealings in securities in accordance with the Companies Regulations, 2011

NOVUS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 2008/011165/06
JSE share code: NVS
ISIN: ZAE000202149
("Novus" or "Company")

ANNOUNCEMENT BY NOVUS IN RESPECT OF DEALINGS IN SECURITIES IN ACCORDANCE WITH
THE COMPANIES REGULATIONS, 2011, PROMULGATED UNDER THE COMPANIES ACT, NO. 71 OF
2008 ("COMPANIES REGULATIONS").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

1.     INTRODUCTION

       1.1.     Shareholders of Mustek ("Mustek Shareholders") are referred to the firm intention
                announcement released by Novus on SENS on 15 November 2024 and the subsequent
                announcements regarding the mandatory offer by Novus to Mustek Shareholders (the
                "Mandatory Offer"). Mustek Shareholders are also referred to the combined officer circular
                outlining details of the Mandatory Offer ("Circular"), which was distributed on Friday,
                30 May 2025. Terms defined in the Circular shall, where used in this announcement, bear the
                same meaning as ascribed to them in the Circular.

       1.2.     The purpose of this announcement is to announce further acquisitions of Mustek Shares by
                Novus.

2.     DEALINGS IN SECURITIES

       2.1.     Mustek Shareholders are hereby advised, in accordance with Regulation 98 of the Companies
                Regulations, that Novus has engaged in dealings in the securities of Mustek as set out below.

       2.2.     Details of the dealings:

                 Date of transaction:                       5 August 2025

                 Nature of transaction:                     Acquisition of Mustek ordinary shares on
                                                            market, outside of the Mandatory Offer

                 Class of securities:                       Ordinary shares

                 Number of Mustek shares acquired:          22,355

                 Price per Mustek share:                    R13.00 (thirteen Rand)

                 Total value of transaction:                R290,615.00

                 Nature and extent of Novus' interest in    Direct and beneficial
                 the transaction:

       2.3.    Prior to the acquisition of 5 August 2025, -

               2.3.1.     Novus held 22,967,252 ordinary shares in Mustek ("Mustek Shares"),
                          constituting 39.92% of the issued shares in Mustek; and

               2.3.2.     Novus, together with its concert parties, held 34,641,771 Mustek Shares,
                          constituting approximately 60.20% of the issued shares in Mustek.

       2.4.    Subsequent to the acquisition of 5 August 2025, -

               2.4.1.     Novus now holds 22,989,607 Mustek Shares, constituting 39.95% of the issued
                          shares in Mustek; and

               2.4.2.     Novus, together with its concert parties, now hold 34,664,126 Mustek Shares,
                          constituting approximately 60.24% of the issued share capital in Mustek.

       This announcement is made following the filing of Form TRP 98 with the Takeover Regulation Panel,
       as required by the Companies Regulations.

3.     NOVUS RESPONSIBILITY STATEMENT

       Novus, to the extent that the information relates directly to Novus:

       3.1.   accepts responsibility for the information contained in this announcement;

       3.2.   confirms that to the best of its knowledge and belief, the information contained in this
              announcement is true and correct; and

       3.3.   confirms that this announcement does not omit anything likely to affect the importance of the
              information contained in it.

Cape Town

5 August 2025

Sponsor to Novus
PSG Capital

Legal Advisor to Novus
ENS
Date: 05-08-2025 12:50:00
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