Enhanced Investments - Financial Portal

Changes to the Board - Update

Published: 2023-10-04 17:20:20 ET

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


                                CHANGES TO THE BOARD – UPDATE



Shareholders are referred to the announcement released on SENS on 17 March 2023 wherein the
board of directors of Novus (“Board”) advised, in compliance with paragraph 3.59 of the JSE Listings
Requirements that, inter alia, Mr André van der Veen, a non-executive director, had been appointed
as Executive Chairman of the Board for an interim period of six months from 1 April 2023 whilst the
Company engaged in the process of identifying and appointing a suitable candidate to fill the vacancy
of Group Chief Executive Officer (“CEO”).
Shareholders are hereby advised that to date the Board has been unable to find a suitable successor
to fill the CEO position. Accordingly, the Board has extended Mr van der Veen’s interim appointment
as Executive Chairman for a further period of six months, to 31 March 2024, until a CEO has been
appointed.

Cape Town
4 October 2023

Sponsor
Merchantec Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.