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Net1: AllPay files leave to appeal to Constitutional Court
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
(“the Company”)
Net1: AllPay files leave to appeal to Constitutional Court
Johannesburg - April 22, 2013 - Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS;
JSE: NT1) (the “Company”) today announced that AllPay Consolidated Investment
Holdings (Pty) Ltd has filed leave to appeal with the South African Constitutional
Court against the judgment handed down by the South African Supreme Court of
Appeal on March 27, 2013. The Company cannot predict what the outcome of the
application process will be.
About Net1 (www.net1.com)
We are a leading provider of alternative payment systems that leverage our Universal
Electronic Payment System, or UEPS, to facilitate biometrically secure real-time
electronic transaction processing to unbanked and under-banked populations of
developing economies around the world in an online or offline environment. In
addition to payments, UEPS can be used for banking, healthcare management,
payroll, remittances, voting and identification.
We operate market-leading payment processors in South Africa, Republic of Korea
and Ghana. In addition, our proprietary Mobile Virtual Card technology offers secure
mobile payments and banking services in developed and emerging countries.
We have a primary listing on the Nasdaq and a secondary listing on the JSE Limited.
Forward-Looking Statements
This announcement contains forward-looking statements that involve known and
unknown risks and uncertainties. A discussion of various factors that cause our actual
results, levels of activity, performance or achievements to differ materially from those
expressed in such forward-looking statements are included in our filings with the
Securities and Exchange Commission. We undertake no obligation to revise any of
these statements to reflect future events.
Investor Relations Contact:
Dhruv Chopra
Vice President of Investor Relations
Phone: +1-212-626-6675
Email: dchopra@net1.com
Johannesburg
April 22, 2013
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 22/04/2013 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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