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Novus Holdings Ltd (NVSJ.J)

NVSJ.J on Johannesburg Stock Exchange

400.00ZAc
23 May 2018
Change (% chg)

10.00 (+2.56%)
Prev Close
390.00
Open
390.00
Day's High
405.00
Day's Low
389.00
Volume
43,474
Avg. Vol
409,781
52-wk High
844.00
52-wk Low
337.00

Latest Key Developments (Source: Significant Developments)

Novus Holdings Says ‍Edrich Fivaz Resigned As CFO
Monday, 5 Mar 2018 09:53am EST 

March 5 (Reuters) - Novus Holdings Ltd ::‍EDRICH FIVAZ HAS TENDERED HIS RESIGNATION AS CHIEF FINANCIAL OFFICER OF NOVUS HOLDINGS​.PROCEEDINGS TO APPOINT A SUCCESSOR ARE UNDERWAY.  Full Article

Novus Holdings says ‍HY HEPS increased by 13.3%
Friday, 10 Nov 2017 07:30am EST 

Nov 10 (Reuters) - NOVUS HOLDINGS LTD ::‍HY HEADLINE EARNINGS PER SHARE INCREASED BY 13,3% TO 71,7 CENTS PER SHARE​.NOVUS HOLDINGS LTD - ‍HY REVENUE INCREASED BY 5,4% TO R2,295 BILLION (2016: R2,177 BILLION)​.‍FOR SECOND HALF OF YEAR, BOTH TIMING OF DBE WORKBOOKS AND CONTINUED VOLUME DECLINES WILL IMPACT RESULTS NEGATIVELY​.  Full Article

Novus Holdings names Neil Birch as executive chairman
Friday, 29 Sep 2017 08:16am EDT 

Sept 29 (Reuters) - Novus Holdings Ltd ::NEIL BIRCH'S DESIGNATION HAS CHANGED FROM INDEPENDENT NON-EXECUTIVE TO EXECUTIVE CHAIRMAN OF GROUP, EFFECTIVE 01 OCTOBER 2017.  Full Article

Naspers says placing was priced at 6.15 rand per ordinary share
Wednesday, 27 Sep 2017 02:30am EDT 

Sept 27 (Reuters) - NASPERS LTD ::PLACING WAS PRICED ON 26 SEPT 2017 AND 35,141,309 UNBUNDLED NOVUS SHARES WERE PLACED AT PRICE OF R6.15 PER ORDINARY SHARE.PLACING PRICE REPRESENTS A 1.3% PREMIUM TO NOVUS' CLOSING SHARE PRICE ON 26 SEPTEMBER 2017.  Full Article

Naspers says up to 35.141 million Novus shares to become available for sale
Tuesday, 26 Sep 2017 11:00am EDT 

Sept 26 (Reuters) - Block Trade - Naspers Ltd ::NASPERS SAYS PLACEMENT OF NOVUS SHARES.NASPERS SAYS UP TO 35,141,309 UNBUNDLED NOVUS SHARES TO BECOME AVAILABLE FOR SALE TO QUALIFYING INVESTORS VIA PLACING.NASPERS SAYS BOOKS OF PLACING WILL OPEN WITH IMMEDIATE EFFECT.NASPERS SAYS PRICING AND ALLOCATIONS OF PLACING WILL BE DETERMINED AS SOON AS PRACTICABLE FOLLOWING CLOSING OF BOOK.NASPERS SAYS INVESTEC IS ACTING AS SOLE BOOKRUNNER AND TRANSACTION SPONSOR IN RELATION TO PLACING.  Full Article

Naspers gives update on Novus unbundling
Thursday, 21 Sep 2017 05:00am EDT 

Sept 21 (Reuters) - Naspers Ltd ::APPORTIONMENT OF TAX COST FOR SOUTH AFRICAN INCOME TAX PURPOSES IN RESPECT OF UNBUNDLING."UNBUNDLING WAS IMPLEMENTED IN TERMS OF SECTION 46 OF COMPANIES ACT NO 71 OF 2008 AND SECTION 46 OF INCOME TAX ACT NO 58 OF 1962".NASPERS LTD - APPORTIONMENT RATIOS ARE BASED ON CLOSING PRICE OF R2 972.44 PER NASPERS "N" SHARE AND R5.70 PER NOVUS SHARE ON 20 SEPTEMBER 2017.  Full Article

Novus says to buy ITB Manufacturing Proprietary Ltd for upto 300 mln rand
Tuesday, 19 Sep 2017 10:00am EDT 

Sept 19 (Reuters) - Novus Holdings Ltd ::HAS ENTERED INTO AN AGREEMENT TO ACQUIRE CONTROL OF ITB MANUFACTURING PROPRIETARY LIMITED.PURCHASE CONSIDERATION WHICH IS PAYABLE IN TERMS OF TRANSACTION IS TO BE SETTLED IN CASH THROUGH A COMBINATION OF EXISTING FACILITIES AND CASH RESOURCES.PURCHASE CONSIDERATION IN AGGREGATE SHALL NOT EXCEED AN AMOUNT OF R 300 MILLION.  Full Article

S.Africa's Competition Tribunal approves merger of Media24, Novus
Friday, 4 Aug 2017 09:24am EDT 

Aug 4 (Reuters) - S.Africa's Competition Tribunal: :Approved merger of print publication business Media24 (Pty) Ltd and listed commercial printing operation Novus.  Full Article

Naspers says Competition Commission asks Media24 to unbundle majority stake to co
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Naspers Ltd ::NASPERS - COMPETITION COMMISSION HAD RECOMMENDED MEDIA24 PROPRIETARY LIMITED'S MERGER FILING CONCERNING NOVUS HOLDINGS TO COMPETITION TRIBUNAL FOR APPROVAL.NASPERS - MEDIA24 IS NOW REQUIRED TO UNBUNDLE MAJORITY OF ITS SHAREHOLDING IN NOVUS TO NASPERS, ITS ULTIMATE HOLDING COMPANY.  Full Article

Novus Holdings says FY HEPS down 20.8 pct
Friday, 9 Jun 2017 09:18am EDT 

June 9 (Reuters) - Novus Holdings Ltd ::Summarised financial results for the year ended 31 March 2017 .Approved a gross dividend of 56 cents per share (2016: 70 cents).FY print volumes remained under pressure, particularly magazine and newspaper volumes.Decline in retail products is expected to stabilise once consumer spend patterns improve.FY headline earnings per share 110.8 cents versus 139.9 cents, down 20.8 percent.Anticipates continued pricing and volume pressures in print segment, and will actively manage costs through optimised capacity and consolidation.FY revenue 4.31 billion rand versus 4.17 billion rand, up 3.3 percent.  Full Article

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