To view the PDF file, sign up for a MySharenet subscription.

NOVUS HOLDINGS LIMITED - Supreme Court of Appeal Ruling

Release Date: 21/11/2018 17:10
Code(s): NVS     PDF:  
 
Wrap Text
Supreme Court of Appeal Ruling

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


Supreme Court of Appeal Ruling




Shareholders are advised that the Supreme Court of Appeal (“SCA”) on Tuesday, 20 November 2018
set aside the order of the court a quo by declaring the Department of Basic Education's award of the
contract for the printing and distribution of school workbooks to the Lebone Novus UTi Consortium
constitutionally invalid.

The parties will study the implications of the judgment in detail before deciding on any action in this
regard. It should be noted however that the judgement preserves the Consortium’s right to continue
to print and distribute the school workbooks in terms of the contract until the end of its original term
being 31 March 2020.


For and on behalf of the Board.

Cape Town
21 November 2018

Sponsor: Investec Bank Limited

Date: 21/11/2018 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story