Enhanced Investments - Financial Portal

Fulfilment of Conditions Precedent to the Acquisition of Pearson SA

Published: 2022-11-17 15:51:19 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 “Company”)


              FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION OF PEARSON SA



Shareholders are referred to the announcements released on SENS on 12 August 2022, 6 October 2022 and
4 November 2022, and to the Circular distributed to Shareholders on 6 October 2022 relating to the acquisition
by Novus Print Proprietary Limited, a wholly owned subsidiary of Novus Holdings, of a 75% equity share in
Pearson SA (“Acquisition”).
Terms defined in the Circular shall, unless otherwise stated, bear the same meaning in this announcement.
Shareholders are hereby advised that the Acquisition has been approved by the Competition Authorities and
accordingly, all Conditions Precedent, as set out in the Circular, have been satisfied.
Consequently, the effective date of the Acquisition will be 30 November 2022.

Cape Town
17 November 2022

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.