Novus boosts stake in Mustek with additional share acquisition

Novus Holdings Limited (Novus) announced on December 22, 2025, that it has acquired additional ordinary shares in Mustek Limited (Mustek) through an on-market transaction, conducted outside of its existing Mandatory Offer. The acquisition, dated December 19, 2025, involved 3,020 Mustek ordinary shares at a price of R13.00 per share, totaling R39,260.00. This dealing follows Novus's firm intention announcement on SENS on November 15, 2024, and subsequent announcements regarding its mandatory offer to Mustek shareholders.

Prior to this transaction, Novus held 22,989,607 ordinary shares in Mustek, representing 39.95% of the issued shares. Including its concert parties, Novus's total holding stood at 34,664,126 Mustek shares, or approximately 60.24% of the issued shares. Following the recent acquisition, Novus's direct holding has increased to 22,992,627 Mustek shares, now constituting 39.96% of the issued shares.

Combined with its concert parties, Novus now controls 34,667,146 Mustek shares, representing approximately 60.25% of Mustek's total issued share capital. This announcement confirms Novus's continued strategy of increasing its ownership in Mustek, as detailed in the combined officer circular outlining the Mandatory Offer, which was distributed on May 30, 2025.