NVS Director Dealings Neutral
NOVUS HOLDINGS LIMITED - Announcement by Novus in respect of dealings in securities in accordance with the Companies Regulations, 2011
Novus Holdings Limited
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What this filing means
Novus has increased its direct stake in Mustek to 41.85% through a R16.3 million open-market purchase, reinforcing its commitment to the ongoing mandatory offer.
Bull case
- The total interest held by Novus and its concert parties has risen to 62.14%, demonstrating continued strategic commitment to the target.
- The acquisition confirms the ongoing execution of the mandatory offer strategy first announced in November 2024.
Bear case
- The on-market acquisition represents a cash outflow of R16.3 million, tying up additional liquidity while the formal mandatory offer remains pending.
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