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

Release Date: 22/02/2017 08:00
Code(s): NT1     PDF:  
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Notification of reporting person 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 reporting person dealings in Net1 securities

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following dealings in the securities of Net1 have taken place by an executive officer
(“reporting person”) of the Company:

Reporting person:                               Nitin Soma
Number of securities:                           13,707
Class of security:                              Common stock
Nature of interest:                             Direct, beneficial
Nature of transaction:                          Exercise of stock options
Option strike date:                             February 16, 2017 (1)
Date of transactions:                           February 16, 2017
Option strike price per security:               The option strike price was USD8.75 for 12,081
                                                stock options and USD7.35 for 1,626 stock
Total exercise price                            USD117,659.85

Reporting person:                               Nitin Soma
Class of security:                              Common stock
Nature of interest:                             Direct, beneficial
Nature of transaction:                          On-market sale
Number of securities:                           13,707
Date of transactions:                           February 16, 2017
Price per security:                             USD12.85 (2)
Total transaction value:                        USD176,134.95

(1) The options became exercisable in three equal annual instalments commencing August
22, 2013 and August 21, 2014.

(2) Sale prices for the transactions reported range from USD12.82 to USD12.90.

Reporting person:                               Nitin Soma
Number of securities:                           23,094
Class of security:                              Common stock
Nature of interest:                             Direct, beneficial
Nature of transaction:                          Exercise of stock options
Option strike date:                             February 17, 2017 (1)
Date of transactions:                           February 17, 2017
Option strike price per security:               The option strike price was USD7.35 for 23,094
                                                stock options
Total exercise price                            USD169,740.90

Reporting person:                               Nitin Soma
Class of security:                              Common stock
Nature of interest:                             Direct, beneficial
Nature of transaction:                          On-market sale
Number of securities:                           23,094
Date of transactions:                           February 17, 2017
Price per security:                             USD12.88 (2)
Total transaction value:                        USD297,450.72

(1) The options became exercisable in three equal annual instalments commencing August
21, 2014.

(2) Sale prices for the transactions reported range from USD12.82 to USD12.95.

Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


February 22, 2017
Johannesburg

Sponsor to Net1:
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 22/02/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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