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NOVUS HOLDINGS LIMITED - Director dealings in securities and availability of BEE compliance report

Release Date: 24/12/2019 10:35
Code(s): NVS     PDF:  
 
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Director dealings in securities and availability of BEE compliance report

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 AND AVAILABILITY OF BEE COMPLIANCE REPORT

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 20 December 2019 in terms of the SAR Plan.


Director                   Neil Birch
Company                    Novus Holdings Limited
Grant Date                 20 December 2019
Acceptance Date            20 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           1 559 998
Grant price                R 2.40
Value of the Transaction   R3 743 995.00
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                 20 December 2019
Acceptance Date            23 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           682 500
Grant price                R 2.40
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                 20 December 2019
Acceptance Date            23 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           247 611
Grant price                R 2.40
Value of the Transaction   R594 266.00
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                 20 December 2019
Acceptance Date            23 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           195 000
Grant price                R 2.40
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                 20 December 2019
Acceptance Date            20 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           275 625
Grant price                R 2.40
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                 20 December 2019
Acceptance Date            21 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           375 000
Grant price                R 2.40
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                 20 December 2019
Acceptance Date            20 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           351 000
Grant price                R 2.40
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                 20 December 2019
Acceptance Date            23 December 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 2.40
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                 20 December 2019
Acceptance Date            21 December 2019
Nature of Transaction      Off market grant and acceptance of SARs award
Class of Securities        Ordinary Shares
Number of Awards           583 082
Grant price                R 2.40
Value of the Transaction   R1 399 397.00
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


Furthermore shareholders are advised that the Company’s annual compliance report pursuant to
section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No.53 of 2003,
and in accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited Listings
Requirements, has been published and is available on the Company’s website at
https://novus.holdings/wp-content/uploads/2019/12/B-BBEE-Compliance-Report-Novus-Holdings-
24-December-2019.pdf



Cape Town
24 December 2019

Sponsor: Investec Bank Limited

Date: 24-12-2019 10:35:00
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