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 Holdings has acquired a further 4.9 million Mustek shares for R73.6 million, crossing the 50% direct ownership threshold and increasing total concert party control to 70.68%.

Bull case

  • The combined concert party holding now sits at 70.68%, providing definitive execution control over Mustek's strategic direction.
  • The ongoing deployment of R73.6 million demonstrates continued execution of the mandatory offer process.

Bear case

  • Cementing the concert party holding at 70.68% materially reduces the liquidity and free float of the remaining Mustek shares.

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Category
Director Dealings
Published
Jun 10, 2026

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