Try our mobile app

Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme

Buy Novus Stocks
Published: 2022-12-23 10:34:26 ET
<<<  go to JSE:NVS company page
                                          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 AND SALE OF SHARES IN TERMS OF THE NOVUS HOLDINGS
                   SHARE APPRECIATION RIGHTS SCHEME (2020 AWARDS)



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, 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:                                            Craig Wright
 Company:                                             Novus Print 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:                                28 072
 Grant price:                                         R2.40
 Date of award:                                       20 December 2019
 Exercise date:                                       22 December 2022
 Number of Novus shares received on exercise:         7 656
 Deemed exercise price:                               R3.30
 Total value of transaction:                          R25 264.80


 Nature of the transaction:                           On market sale of shares
 Date of transaction:                                 22 December 2022
 Number of securities:                                7 656
 Price per security:                                  R3.30
 Total value:                                         R25 264.80
Cape Town
23 December 2022

Sponsor
Merchantec Capital