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NET 1 UEPS TECHNOLOGIES INC - Results of Net1 November 19, 2013 Annual General Meeting

Release Date: 20/11/2013 08:30
Code(s): NT1     PDF:  
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Results of Net1 November 19, 2013 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
ISIN: US64107N2062
(“Net1” or “the Company”)

Results of Net1 November 19, 2013 Annual General Meeting

The annual meeting of shareholders of Net1 was held on November 19, 2013.

Proposal No. 1—Election of Directors

All director nominees were elected and the votes cast were as follows:


                                                              Votes        Broker non-
Director                                   Votes for         withheld         votes
Dr. Serge C.P. Belamant                     27,960,341        3,149,494      7,123,958
Paul Edwards                                30,291,177          818,658      7,123,958
Herman G. Kotzé                             27,455,537        3,654,298      7,123,958
Alasdair J.K. Pein                          30,294,777          815,058      7,123,958
Christopher S. Seabrooke                    27,405,909        3,703,926      7,123,958

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, 2014, was
approved and the votes cast were as follows:

         Votes cast
      For           Against       Abstain
     38,015,685      102,533       115,575

Proposal No. 3—A Non-Binding Advisory Vote Regarding Executive Compensation

The compensation of the Company’s named executive officers was approved, on an advisory
basis, and the votes cast were as follows:

         Votes cast
                                                Broker non-
      For             Against     Abstain          votes
     23,022,685        114,818    7,972,332        7,123,958
About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its 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. Net1’s UEPS/EMV solution is also
completely interoperable with global EMV standards that seamlessly permit access to all the
UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be
used for banking, healthcare management, payroll, remittances, voting and identification.

Net1 operates market-leading payment processors in South Africa, Republic of Korea, and
Ghana. In addition, Net1’s proprietary Mobile Virtual Card technology offers secure mobile
payments and banking services in developed and emerging countries while its MediKredit and
XeoHealth subsidiaries provide its proprietary 5010 and ICD-10 compliant real-time claims
adjudication system.

Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE Limited.

Investor Relations Contact:
Dhruv Chopra
Managing Director
Phone: +1 917-767-6722
Email: dchopra@net1.com

Johannesburg
November 20, 2013

Sponsor:
Deutsche Securities (SA) Proprietary Limited

Date: 20/11/2013 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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