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Nova Debenture Trust

Debenture Trust Communication Page

Jean-Pierre Tromp – Trustee for the Debenture Trust

 

 

Introduction

 

I was appointed as Trustee of the Debenture Trust on 18 January 2022, following the resignation of Mr. Derek Cohen, who served in this role since the Trust's formation on 11 November 2011. My primary responsibility is to look after the interests of the Debenture Holders in their initial investment in the former Sharemax Group of Companies, which has since transitioned into the Nova Group of Companies.

 

This is a remunerated position, and I take the responsibility seriously. While much of the work I have undertaken since my appointment has gone unnoticed, I remain committed to fulfilling my duties with integrity and diligence.

 

 

Clarifying Misstatements

 

It has come to my attention that various statements made by the Board of Directors of the Nova Group of Companies contain factual inaccuracies. These inaccuracies have the potential to mislead stakeholders and create false narratives.

 

To address this, I have created this communication page as a transparent platform to:

  • Correct misinformation

  • Share updates and insights

  • Provide clarity on matters affecting Debenture Holders

 

If you are aware of any statements or publications that require clarification, I encourage you to bring them to my attention.

 

 

Contact Information

 

Please feel free to reach out to me directly for any queries, concerns, or feedback:

MEDIA STATEMENTS

Trust Deed

To ensure transparency, all Debenture Holders should have access to the Debenture Trust Deed and its annexures. Attached herewith, please...

Acceptance of appointment 19 January 2022

Appointment blog   In terms of Clause 15.4 of the Debenture Trust Deed, the newly appointed Trustee, ‘the new trustee shall, by notice in...

Appointment meeting 18 January 2022

The postponed meetings will be held on 18 January 2022 at the same venue and at the same times as indicated in the Notices dispatched.  ...

Feedback from meeting 11 January 2022

Notices for ordinary Debenture Holder meetings which were to be held on 11 January 2022 were dispatched to debenture holders informing...

Notice of Meeting to appoint new Trustee

Notices of meetings to be held on 11 January 2022 at The Capital Menlyn Maine in Pretoria was sent by the Nova Group of Companies to...

Final response from the Trustee of the Debenture Trust on the factually incorrect statements made by the Board of Directors in reply to my prior media response.

15 August 2025 Sent via email to all Board Members Dear Sir/Madam FINAL RESPONSE FROM THE TRUSTEE OF THE DEBENTURE TRUST ON THE FACTUALLY INCORRECT STATEMENTS MADE BY THE BOARD OF DIRECTORS IN REPLY TO MY PRIOR MEDIA RESPONSE. Background Moneyweb published an article on 19 June 2025 under the headline ‘ Sharemax rescue vehicle on the brink as creditors circle - Moneyweb ’ . The article included a link to an email dated 13 June 2025, sent by Mr. Myburgh in response to question

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