MUSTEK LIMITED - Acquisition of securities by Novus Holdings Limited (Novus), firm intention announcement by Novus and cautionary

Acquisition of securities by Novus Holdings Limited (“Novus”), firm intention announcement by Novus and cautionary

MUSTEK LIMITED
Incorporated in the Republic of South Africa
(Registration number 1987/070161/06)
Share Code: MST   ISIN: ZAE000012373
("Mustek" or "the Company")

Acquisition of securities by Novus Holdings Limited
("Novus"), firm intention announcement by Novus and
cautionary announcement

In accordance with section 122 of the Companies Act, 
No.71 of 2008 and section 3.83(b) of the JSE Limited
Listings Requirements, shareholders are hereby advised
that Mustek has received formal notification in the
prescribed form that Novus has acquired a beneficial
interest in the securities of the Company, such that the
total beneficial interest in the securities of the Company
held by Novus is now 35.07% of the total issued share
capital of the Company.

As required in terms of section 122(3)(a) of the Act, the
Company has filed the required notice with the Takeover
Regulation Panel.

Mustek shareholders are also referred to the firm intention
announcement by Novus released on SENS on 15 November 2024
(https://novus.holdings/investor-centre/#stockexchange),
regarding a mandatory offer to the shareholders of Mustek
for shares that it does not already beneficially hold.

Mustek board of directors is now commencing with due
processes on their side regarding this corporate action.

Accordingly, shareholders are advised to exercise caution
when dealing in the Company's securities until a further
announcement is made.

Responsibility Statement:

The Board accepts responsibility for the information
contained in this announcement. To the best of the Board's
knowledge and belief, the information contained in this
announcement is true and nothing has been omitted which 
is likely to affect the importance of the information.


Midrand
15 November 2024

Sponsor: Deloitte & Touche Sponsor Services Proprietary
Limited

Date: 15-11-2024 11:32:00
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