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

Release Date: 21/09/2018 15:00
Code(s): NT1     PDF:  
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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

Shareholders are advised that the following dealing in the securities of Net1 have taken place
by a director (“reporting person”) of the Company:

Director:                                        Christopher Stefan Seabrooke
Name of company:                                 Net1
Class of security:                               Common stock
Nature of interest:                              Indirect, beneficial (1)
Nature of transaction:                           On market purchase of securities
Number of securities:                            20,000
Date of transaction:                             September 20, 2018
Price per security (VWAP):                       USD 7.4753 (2)
Total transaction value:                         USD 149,506 (2)

(1) A trust, settled by a relative of the reporting person and of which the reporting person is a
discretionary beneficiary, is a shareholder of the company whose wholly owned subsidiary
acquired the common stock. The trust beneficially owns 35% of the company that holds the
common stock and has the right to vote 69% of the issued shares of the company. The
reporting person is one of four trustees of the trust, and all matters voted on require a simple
majority. The reporting person is the chief executive of the company that holds the common
stock. The reporting person disclaims beneficial ownership of these shares except to the
extent of his pecuniary interest therein.

(2) Purchase prices for the transactions reported here range from $7.35 to $7.50.

Clearance to deal in respect of the above transactions was given.

September 21, 2018
Johannesburg

Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 21/09/2018 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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