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Results of Net1 November 11, 2015 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 11, 2015 Annual General Meeting
The annual meeting of shareholders of Net1 was held on November 11, 2015.
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
Dr. Serge C.P. Belamant 31,964,313 1,448,310 4,216,635
Herman G. Kotzé 31,296,755 2,115,868 4,216,635
Christopher S. Seabrooke 20,700,739 12,711,884 4,216,635
Alasdair J.K. Pein 33,079,963 332,660 4,216,635
Paul Edwards 33,076,313 336,310 4,216,635
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, 2016, was
approved and the votes cast were as follows:
Votes cast
For Against Abstain
37,435,828 97,393 96,037
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
For Against Abstain non-votes
24,472,073 223,065 8,717,485 4,216,635
Proposal No. 4—Approval of the Amendment and Restatement of Our Current Plan
The amendment and restatement of the Company’s current Amended and Restated Stock
Incentive Plan was approved and the votes cast were as follows:
Votes cast
Broker
For Against Abstain non-votes
32,640,287 690,919 81,417 4,216,635
About Net1 (www.net1.com)
Net1 is a leading provider of alternative payment systems that leverage its Universal
Electronic Payment System (“UEPS”) or utilize its proprietary mobile technologies.
The Company operates market-leading payment processors in South Africa and the Republic
of Korea.
UEPS permits the Company 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 interoperable with
global EMV standards that seamlessly enable 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’s mobile technologies include its proprietary mobile payments solution - MVC, which
offers secure mobile-based payments, as well as mobile banking and prepaid value-added
services in developed and emerging countries. The Company intends to deploy its varied
mobile solutions through its ZAZOO business unit, which is an aggregation of innovative
technology companies and is based in the United Kingdom.
Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock
Exchange.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: +1 917-767-6722
Email: dchopra@net1.com
Johannesburg
November 11, 2015
Sponsor:
Deutsche Securities (SA) Proprietary Limited
Date: 11/11/2015 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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