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Net1 appoints Ekta Singh-Bushell to its board of directors
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")
Net1 appoints Ekta Singh-Bushell to its board of directors
Johannesburg, September 19, 2018 – Net1 (NasdaqGS: UEPS; JSE: NT1) announced
today the appointment of Ms. Ekta Singh-Bushell as an independent non-employee
director of the Company, effective October 1, 2018. She will also serve on the
nominating and corporate governance, audit and remuneration committees.
Ms. Singh-Bushell serves on public and private corporate boards to which she brings
diverse global management experience in financial, digital, technology, cybersecurity
and risk operations. These include being a non-employee director of TTEC Holdings
Inc. (Nasdaq: TTEC), Datatec Limited (JSE: DTC), and DSW Inc. (NYSE: DSW)
and a Strategic Board Advisor to DecisionsGPS LLC.
She was previously Chief Operating Officer in the Executive Office of The Federal
Reserve Bank of New York and prior to that had a 17 year career with Ernst & Young
("EY"). She served in several senior partner roles with EY including US Innovation
and Digital Strategy Leader, Northeast Advisory People Leader and Chief
Information Security Officer. She has also served in various Board roles for the Asian
American Federation. During her extensive career, she has lived and worked in India,
the UK and the USA.
Ms. Singh-Bushell is a Certified Public Accountant (USA). She has a Master’s degree
in Electrical Engineering and Computer Science from the University of California,
Berkeley, and a Bachelors of Engineering Degree from the University of Poona,
India. She is also skilled in the science of governance, relationship and executive
leadership effectiveness, having completed programs at Harvard Business School,
Kellogg School of Management, INSEAD and Singapore Management University.
"I am very pleased to welcome Ekta to our Board,” said Christopher S. Seabrooke,
Chairman of the Net1 Board. “She brings broad global experience and expertise in
banking, technology, risk management and governance to Net1 which will be
invaluable as we expand our payments, financial services and technology
internationally," he concluded.
Net1’s Board now comprises two executive and five independent directors.
About Net1
Net1 is a leading provider of transaction processing services, financial inclusion
products and services and secure payment technology. Net1 operates market-leading
payment processors in South Africa and the Republic of Korea. Net1 offers debit,
credit and prepaid processing and issuing services for all major payment networks. In
South Africa, Net1 provides innovative low-cost financial inclusion products,
including banking, lending and insurance, and is a leading distributor of mobile
subscriber starter packs for Cell C, a South African mobile network operator. Net1
leverages its strategic equity investments in Finbond and Bank Frick (both regulated
banks), and Cell C to introduce products to new customers and geographies. Net1 has
a primary listing on NASDAQ (NasdaqGS: UEPS) and a secondary listing on the
Johannesburg Stock Exchange (JSE: NT1). Visit www.net1.com for additional
information about Net1.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com
Media Relations Contact:
Bridget von Holdt
Business Director – BCW
Phone: +27-82-610-0650
Email: bridget.vonholdt@bm-africa.com
Johannesburg
September 19, 2018
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
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