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Results of Net1 November 11, 2020 Annual General Meeting
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
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
("Net1" or the "Company")
Results of Net1 November 11, 2020 Annual General Meeting
The annual meeting of shareholders of the Company was held on November 11, 2020.
Proposal No. 1—Election of Directors
All director nominees were elected and the votes cast were as follows:
Votes Broker
Director Votes for withheld non-votes
Jabu A. Mabuza 29,203,387 987,558 12,543,326
Alex M.R. Smith 28,324,720 1,866,225 12,543,326
Antony C. Ball 28,789,843 1,401,102 12,543,326
Ian O. Greenstreet 29,214,988 975,957 12,543,326
Ali Mazanderani 28,334,222 1,856,723 12,543,326
Kuben Pillay 29,202,612 988,333 12,543,326
Ekta Singh-Bushell 23,542,753 6,648,192 12,543,326
Proposal No. 2—Ratification of Selection of Independent Registered Public Accounting Firm
The ratification of the selection of Deloitte & Touche (South Africa) as the Company’s independent registered public
accounting firm for the fiscal year ending June 30, 2021, was approved and the votes cast were as follows:
Votes cast
For Against Abstain
41,739,130 948,783 46,358
Proposal No. 3—A Non-Binding Advisory Vote to Approve Executive Compensation
The compensation of the Company’s named executive officers was approved, on an advisory, non-binding basis, and
the votes cast were as follows:
Votes cast
Broker non-
For Against Abstain votes
11,689,603 11,090,739 7,410,603 12,543,326
Proposal No. 4—A Non-Binding Advisory Vote Regarding Whether an Advisory Vote on Executive
Compensation Will Occur Every One, Two or Three Years
The votes cast on this proposal were as follows:
Votes cast
Every Every Broker non-
Every year two years three years Abstain votes
30,095,343 9,758 20,595 65,249 12,543,326
The Company will hold future advisory votes on executive compensation every year.
About Net1 (www.net1.com)
Net1 is a South African-focused financial technology company with a presence in Africa, Asia and Europe. Net1 utilizes
its proprietary banking and payment technology to distribute low-cost financial and value-added services to underserved
consumers and small businesses. The Company also provides transaction processing services, including being a payment
processor and bill payment platform in South Africa. Net1 leverages its strategic investments in banks, telecom and mobile
payment technology companies to further expand its product offerings or to enter new markets. Net1 has a primary listing
on NASDAQ (NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock Exchange (JSE: NT1). Visit
www.net1.com for additional information about Net1.
Investor Relations Contact:
Dara Dierks
Managing Director – ICR
Email: net1IR@icrinc.com
Media Relations Contact:
Bridget von Holdt
Business Director – BCW
Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
Johannesburg
November 11, 2020
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 11-11-2020 05:05:00
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