Try our mobile app
Novus Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2008/011165/06)
JSE share code: NVS ISIN: ZAE000202149
(“Novus” or “the Company”)
EXERCISE OF SHARE OPTIONS IN TERMS OF THE NOVUS HOLDINGS SHARE APPRECIATION RIGHTS
SCHEME
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements,
shareholders are notified of the following dealings in securities by a director of a major subsidiary of
Novus in respect of the Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”).
In terms of the SAR Plan, on the SAR exercise date, the appreciation in each SAR is calculated by
deducting the grant price from the exercise price (“Appreciation Value”). The deemed exercise price is
the market price of a Novus share at the exercise date. Following the exercise of the SAR, the participant
receives Novus shares from the Company equal to the Appreciation Value.
Director: Peter Metcalfe
Company: Paarl Media Holdings Proprietary Limited
Class of securities: Ordinary shares of no par value
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Nature of transaction: Off-market exercise of SARs
Number of SAR awards: 152 517 233 232 503 610
Grant price: R2.40 R4.00 R4.12
Date of award: 20 December 2019 26 July 2019 13 July 2018
Exercise date: 20 December 2023 20 December 2023 20 December 2023
Number of Novus shares received 71 175 25 915 42 527
on exercise:
Deemed exercise price: R4.50 R4.50 R4.50
Total value of transaction: R320 287.50 R116 617.50 R191 371.50
Cape Town
21 December 2023
Sponsor
Merchantec Capital
