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NET 1 UEPS TECHNOLOGIES INC - Notification of directors dealings in Net1 securities

Release Date: 25/09/2018 07:05
Code(s): NT1     PDF:  
Wrap Text
Notification of directors’ dealings in Net1 securities

Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
ISIN: US64107N2062
(“Net1” or the “Company”)

Notification of directors’ dealings in Net1 securities

Shareholders are advised that the following dealings in the securities of Net1 have taken
place by directors (“reporting person”) of the Company:

 Director:                                        Christopher Stefan Seabrooke
 Name of company:                                 Net1
 Class of security:                               Common stock
 Nature of interest:                              Indirect, beneficial (1)
 Nature of transaction:                           On market purchase of securities
 Number of securities:                            7,363
 Date of transaction:                             September 21, 2018
 Price per security (VWAP):                       ZAR 105.00 (2)
 Total transaction value:                         ZAR 773,115 (2)

(1) A trust, settled by a relative of the reporting person and of which the reporting person is a
discretionary beneficiary, is a shareholder of the company whose wholly owned subsidiary
acquired the common stock. The trust beneficially owns 35% of the company that holds the
common stock and has the right to vote 69% of the issued shares of the company. The reporting
person is one of four trustees of the trust, and all matters voted on require a simple majority.
The reporting person is the chief executive of the company that holds the common stock. The
reporting person disclaims beneficial ownership of these shares except to the extent of his
pecuniary interest therein.

(2) The purchase price for the transaction reported here was ZAR105.00 per share.

 Director:                                        Paul Edwards
 Name of company:                                 Net1
 Class of security:                               Common stock
 Nature of interest:                              Direct, beneficial
 Nature of transaction:                           On market purchase of securities
 Number of securities:                            7,000
 Date of transaction:                             September 21, 2018
 Price per security (VWAP):                       USD 7.4866 (1)
 Total transaction value:                         USD 52,590 (1)

(1) Purchase prices for the transactions reported here range from $7.37 to $7.60.

Clearance to deal in respect of the above transactions was given.

September 25, 2018
Johannesburg

Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 25/09/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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