| Fri 4 Apr 2025, 17:20 | | MUSTEK LIMITED - Cautionary announcement |
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Cautionary announcement
MUSTEK LIMITED
Incorporated in the Republic of South Africa
(Registration number 1987/070161/06)
Share Code: MST ISIN: ZAE000012373
("Mustek" or "the Company")
Cautionary announcement
Mustek shareholders ("Shareholders") are referred to the
SENS announcement released by Mustek on Monday, 31 March
2025 whereby Shareholders were advised of the SENS
announcement by Novus Holdings Limited ("Novus"), released
on Friday, 28 March 2025, regarding the Takeover Regulation
Panel's ("TRP") withdrawal of its approval of Novus' firm
intention announcement and direction to Novus to issue a
revised firm intention announcement within 20 business
days.
Novus has informed Mustek that on 1 April 2025 Novus filed
an urgent application in the High Court to set aside the
TRP's ruling on the grounds that it is unlawful and
unconstitutional. The proposed date for the matter to be
heard is Tuesday, 22 April 2025.
The application, which is a public document at the High
Court of South Africa, Gauteng Division, Johannesburg,
has been published on the High Court's Court Online system
under case number 2025-044750.
Accordingly, Shareholders are advised to exercise caution
when dealing in the Company's securities until a further
announcement is made.
Responsibility Statement:
The Independent Board of Mustek (the "Board") accepts
responsibility for the information contained in this
announcement as it relates to Mustek. 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
4 April 2025
Sponsor: Deloitte & Touche Sponsor Services Proprietary
Limited
Legal Advisor: Webber Wentzel
Date: 04-04-2025 05:20:00
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