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 acquired a further 648,346 Mustek shares over four days (3–6 August) at a total cost of R9.8m, lifting its stake from 50.79% to 51.91% of Mustek. This is a routine post-Mandatory Offer market disclosure of incremental stake-building — the market knew Novus was accumulating, and these small daily purchases do not change the investment case for Novus.
Bear case
- No new economic information: the filing discloses routine market purchases that were already anticipated after the Mandatory Offer.
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