Novus lifts Mustek stake to 57.6% with $9,400 open-market buy
What's the deal? NovusDealroom has a profile for this one. Try Dealroom → has acquired a further 10,000 shares in technology distributor MustekDealroom has a profile for this one. Try Dealroom → on the open market, paying R15 per share for a total of R152,500 (about $9,400). The purchase, made outside the mandatory offer, was disclosed in September 2026.
What's the endgame? NovusDealroom has a profile for this one. Try Dealroom → now holds 33.14 million Mustek shares, or 57.60% of the issued shares. Together with concert parties, that stake climbs to roughly 77.89%.
Why now? The buy adds to Novus's controlling position in Mustek, tightening its grip beyond the mandatory offer already in play.
The signal: The small top-up underlines how majority holders keep consolidating control through incremental open-market purchases, even at modest sums, once past the majority threshold.
Read more: ghostmail.co.za
Image credit: Loozrboy
