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Notification of directors’ 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 directors’ dealings in Net1 securities
In compliance with the JSE Limited Listings Requirements, the following dealings in the
securities of Net1 have taken place by directors (“reporting persons”) of the Company:
Director: Paul Edwards
Name of company: Net1
Class of security: Common stock
Nature of interest: Direct, beneficial
Nature of transaction: On market sale of securities
Number of securities: 5,000 (1)
Date of transaction: September 20, 2017
Price per security: USD 10.18 (2)
Total transaction value: USD 50,894.30
(1) Includes 1,168 shares which were part of an original grant of 3,502 restricted shares (ii)
2,993 shares which were part of an original grant of 4,489 restricted shares and (iii) 839 shares
which were part of an original grant of 10,000 restricted shares. Each of the aforementioned
restricted shares was originally set to vest over a three-year period. After the end of fiscal 2017,
the board amended the terms of the outstanding awards such that they vested immediately. As
a result of this amendment, all shares held at June 30, 2017 were fully-vested.
(2) Sale prices for the transaction reported range from $10.16 to $10.20.
Director: Christopher Stefan Seabrooke
Name of company: Net1
Class of security: Common stock
Nature of interest: Direct, beneficial
Nature of transaction: On market sale of securities
Number of securities: 24,533 (1)
Date of transaction: September 21, 2017
Price per security: USD 9.83 (2)
Total transaction value: USD 241,200.41
(1) Includes (i) 1,959 shares which were part of an original grant of 5,877 restricted shares,
(ii) 4,987 shares which were part of an original grant of 7,481 restricted shares, (iii) 15,000
shares which were part of an original grant of 15,000 restricted shares, and (iv) 2,587 shares
which were part of an original grant of 2,587 restricted shares. Each of the aforementioned
restricted shares was originally set to vest over a three-year period. After the end of fiscal
2017, the board amended the terms of the outstanding awards such that they vested
immediately. As a result of this amendment, all shares held at June 30, 2017 were fully-
vested.
(2) Sale prices for the transaction reported range from $9.76 to $9.89.
Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
September 26, 2017
Johannesburg
Sponsor to Net1:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 26/09/2017 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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