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Director dealings in securities
Novus Holdings Limited
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
(“Novus Holdings”, “the Company” or “the Group”)
DIRECTOR DEALINGS IN SECURITIES
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements,
shareholders are advised of the following director dealings in securities.
The Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”)
In terms of the SAR Plan, certain employees of Novus Holdings may be selected
to receive “Share Appreciation Rights” or “SARs”, being a conditional right
to receive shares in Novus on relevant vesting dates in the future, subject
to certain conditions as may be specified in the award notices issued to
participants. In terms of the SAR Plan, participants are required to accept
the grant of the SAR within a period specified in the grant letter.
The Remuneration Committee has resolved to grant awards to executive
directors of Novus Holdings and its major subsidiaries in terms of the Novus
Holdings Limited Share Appreciation Rights Plan.
The following executive directors of Novus Holdings and its major
subsidiaries have been granted awards on 13 July 2018 in terms of the SAR
Plan.
Director Neil William Birch
Company Novus Holdings Limited
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 1 684 223
Grant price R 4.12
Value of the Transaction R 6 939 000.00
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Craig Wright
Company Paarl Media Holdings (Pty) Ltd
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 225 896
Grant price R 4.12
Value of the Transaction R 930 693.38
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Kelvin Pillay
Company Paarl Media (Pty) Ltd
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 282 889
Grant price R 4.12
Value of the Transaction R 1 165 502.20
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Paul De Bruin
Company Paarl Media (Pty) Ltd
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 242 825
Grant price R 4.12
Value of the Transaction R 1 000 437.26
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Ralph Ruthford
Company Paarl Coldset (Pty) Ltd
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 219 038
Grant price R 4.12
Value of the Transaction R 902 437.77
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Luke Papadopoulos
Company Paarl Labels PTY LTD
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 216 251
Grant price R 4.12
Value of the Transaction R 890 953.72
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Trevor Davies
Company I T B MANUFACTURING (PROPRIETARY) LIMITED
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 353 687
Grant price R 4.12
Value of the Transaction R 1 457 190.00
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Michelene Locke
Company I T B MANUFACTURING (PROPRIETARY) LIMITED
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 201 724
Grant price R 4.12
Value of the Transaction R 831 104.15
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Peter Metcalf
Company Paarl Media Holdings Pty Ltd
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 503 610
Grant price R 4.12
Value of the Transaction R 2 074 873.41
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Director Mike Ehret
Company Paarl Media Holdings Pty Ltd
Grant Date 13 July 2018
Acceptance Date 13 July 2018
Nature of Transaction Off market grant and acceptance of SARs award
Class of Securities Ordinary Shares
Number of Awards 459 642
Grant price R 4.12
Value of the Transaction R 1 893 725.27
Vesting Period SARs will vest one third (1/3) per annum on the
third, fourth and fifth anniversary dates from the
date of grant, subject to the exercise thereof by
the participant
Nature of the Interest Direct Beneficial
Clearance obtained Yes
Cape Town
17 July 2018
Sponsor: Investec Bank Limited
Date: 17/07/2018 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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