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NOVUS HOLDINGS LIMITED - Directors dealings

Release Date: 29/07/2019 13:16
Code(s): NVS     PDF:  
 
Wrap Text
Directors dealings

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 in respect of 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 Holdings 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 26 July 2019 in terms of the SAR Plan.

 Director                   Neil William Birch
 Company                    Novus Holdings Limited
 Grant Date                 26 July 2019
 Acceptance Date            26 July 2019
 Nature of Transaction      Off market grant and acceptance of SARs award
 Class of Securities        Ordinary Shares
 Number of Awards           936 000
 Grant price                R 4.00
 Value of the Transaction   R3 744 000.00
 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                  Harry Todd
 Company                   Novus Holdings Limited
 Grant Date                26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           409 500
Grant price                R 4.00
Value of the Transaction   R1 638 000.00
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

Alternate Director         Keshree Alwar
Company                    Novus Holdings Limited
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           148 567
Grant price                R 4.00
Value of the Transaction   R594 268.00
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

Group Company Secretary    Melonie Brink
Company                    Novus Holdings Limited
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           117 000
Grant price                R 4.00
Value of the Transaction   R468 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                    Novus Print (Pty) Ltd
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           165 375
Grant price                R 4.00
Value of the Transaction   R661 500.00
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                   Paul De Bruin
Company                    Novus Print (Pty) Ltd
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           225 000
Grant price                R 4.00
Value of the Transaction   R900 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                   Ralph Ruthford
Company                    Paarl Coldset (Pty) Ltd
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           210 600
Grant price                R 4.00
Value of the Transaction   R842 400.00
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                   Trevor Davies
Company                    I T B MANUFACTURING (PROPRIETARY) LIMITED
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           245 700
Grant price                R 4.00
Value of the Transaction   R982 800 .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                   Peter Metcalfe
Company                    Paarl Media Holdings Pty Ltd
Grant Date                 26 July 2019
Acceptance Date            26 July 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           349 849
Grant price                R 4.00
Value of the Transaction   R1 399 396.00
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                  Mike Ehret
 Company                   Paarl Media Holdings Pty Ltd
 Grant Date                26 July 2019
 Acceptance Date           26 July 2019
 Nature of Transaction     Off market grant and acceptance of SARs award
 Class of Securities       Ordinary Shares
 Number of Awards          319 306
 Grant price               R 4.00
 Value of the Transaction  R1 277 224.00
 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

Cape Town
29 July 2019

Sponsor: Investec Bank Limited

Date: 29/07/2019 01:16:00
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