NOVUS HOLDINGS LIMITED - First post-listings acquisition and digital printing division established
NVS 201505180016A
First post-listings acquisition and digital printing division established
Novus Holdings Limited
(Previously Paarl Media Group Proprietary Limited)
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
(“Novus” or the “Group”)
First post-listings acquisition and digital printing division established
Novus has made its first acquisition post its listing by purchasing full ownership of Cape
Town based specialist digital printing house, Digital Print Solutions (“Digital Print”). The
new business offering will form part of the print division, Paarl Media.
The introduction of the digital print division and this acquisition will position the Group to
take advantage of the global digital trend and strengthen its print services offering. Digital
Print has strong support, including ‘on-demand’ book print clients and the founder, Dion
Martin, will continue to direct the newly-acquired company’s operations.
The focus is on ensuring Digital Print has every opportunity to deliver on the expected
performance which will be recapitalised and the necessary steps to cut costs will be
implemented. Digital Print will be moving its operations into the existing Novus Holdings
premises in Montague Gardens, Cape Town.
For the full press release, please refer to Novus’s company website on
[http://novus.holdings/news].
Cape Town
18 May 2015
Sponsor: Investec Bank Limited
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