Enhanced Investments - Financial Portal

Special Dividend Declaration

Published: 2024-01-26 09:31:05 ET

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


                                   SPECIAL DIVIDEND DECLARATION


Shareholders are referred to the audited results for the year ended 31 March 2023 announced on SENS
on 19 June 2023 wherein the Group stated that it remained committed to returning any surplus cash
to shareholders and will continuously review this position and notify shareholders accordingly. The
board of directors of Novus Holdings (“the Board”) has since evaluated the surplus cash reserves
available for distribution to shareholders following the receipt of proceeds from the sale of property
and the reduction of working capital in the Print division. The Board is pleased to announce the
declaration of a special cash dividend of 50 cents per share.

The source of the dividend is from distributable reserves and will be paid in cash. The dividend declared
is subject to dividend withholding tax at 20%. The tax payable is 10 cents per share, leaving shareholders
who are not exempt from dividends tax with a net dividend of 40 cents per share. The special dividend
is subject to Exchange Control approval. A further announcement will be released on the finalisation
date, once the Exchange Control approval has been obtained.

Novus Holdings has 346 656 348 shares in issue as at the date of this declaration. As set out in the
announcement released on SENS on 19 January 2024, Novus Holdings is in the process of making
application to the JSE for the delisting and cancellation of 1 142 086 repurchased shares, together with
the delisting and cancellation of a further 2 331 239 treasury shares, amounting to a total of 3 473 325
shares. Accordingly, Novus Holdings will have 343 183 023 shares in issue as at the record date. The
income tax reference number is 9656/360/15/4.

Salient dates for payment of the dividend:
Finalisation Announcement by 11:00                                           Tuesday, 6 February 2024
Last day to trade (cum dividend)                                            Tuesday, 13 February 2024
Trading ex dividend commences                                             Wednesday, 14 February 2024
Record date                                                                   Friday, 16 February 2024
Payment date                                                                Monday, 19 February 2024

Share certificates may not be dematerialised or rematerialised between Wednesday, 14 February 2024
and Friday, 16 February 2024, both dates inclusive.

Shareholders are reminded that cheques are no longer accepted in South Africa and that they should
contact their brokers or Transfer Secretaries for assistance or to provide their banking details to
facilitate the dividend payment.


Cape Town
26 January 2024

Sponsor
Merchantec Capital

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

Important disclosures

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.
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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.

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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.