Novus Holdings Limited lists on the JSE
JOHANNESBURG, 31 March 2015 – The Johannesburg Stock Exchange Main Board today welcomed Novus Holdings Limited (JSE: NVN) to begin its first day of trade following a successful private placement. Novus listed on the main board and is included in the Business Support Services Sector.
Novus Holdings Limited is the third company to list on the JSE this year and the 18th company to be included in the Business Support Services Sector, which has a total market capitalisation of R27.3 billion.
A subsidiary of Media24, Novus Holdings Limited was established in 2001 and now offers a range of commercial and manufacturing printing products. Its intention through the listing is to expand into countries with solid growth potential in Sub-Saharan Africa but to continue to operate primarily in its home market. The listing will also enable the company to consider potential opportunities such as acquisitions and expansion of its product offering.
Donna Oosthuyse, Director Capital Markets at the JSE, said: “The JSE congratulates Novus Holdings Limited on this exciting development. We at the JSE are encouraged by the growth momentum in listings this year and Novus’ debut is testament to the confidence the market has in the JSE as a gateway to enter capital markets.”
The listing will enable Novus Holdings and its subsidiaries to attract and retain key and talented staff as well as to build a strong brand presence, while diversifying its operations in sub-Saharan Africa, says Stephan van der Walt, the Chief Executive Officer.
“We take this opportunity to thank our investors, employees, customers, suppliers and other stakeholders for the support Novus has received. They have and continue to have confidence in our growth strategy, which is primarily focused on extending and diversifying our product range in sub-Saharan Africa and through value-adding partnerships and acquisitions,” concludes van der Walt.
The listing was effected via private placement to eligible investors by way of an offer for subscription. The JSE’s current market capitalisation is R11.8 trillion.
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za
H+K Strategies South Africa
Tel: +27 11 463 2198
On behalf of:
Director: Capital Markets