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Net1 appoints Ian Greenstreet 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
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Net1” or “the Company”)
Net1 appoints Ian Greenstreet to its board of directors
Johannesburg, March 19, 2020 - Net1 (NasdaqGS: UEPS; JSE: NT1) announced today the
appointment of Mr. Ian Greenstreet as an independent non-employee director of the Company,
effective May 1, 2020. He will also serve on the nominating and corporate governance, audit and
remuneration committees, effective May 1, 2020.
Mr. Ian Greenstreet has served on public and private corporate boards to which he brings diverse
localized management and board experience in banking, finance, risk, managerial and financial
technology. He sits on the advisory committee of the London Stock Exchange, a board member
of Assupol Holdings and Assupol Life Ltd and is Chairman and Founder of Infinity Capital
Partners Ltd in the UK. He previously served on the board of Diamond Bank in Nigeria, was a
representative of the FMO (the Dutch Development Bank) on the board of Bank of Africa and
Alios Capital, both those organizations being based across Africa. He also served as regional
Head of Risk for ABN AMRO Bank and a board member and head of Henderson Fund
Management in Luxembourg.
Ian has attended a program at Harvard Business School on driving Digital and Social Strategy
and is a fellow of the Institute of Chartered Accountants in England and Wales (FCA). He is
recognized as one of the 100 most influential black people in the UK for the last four consecutive
years as well as in the UK’s top 50 of Black Asian Minorities (BAME) in 2016.
“I am very pleased to welcome Ian to our Board,” said Christopher S. Seabrooke, Chairman of
the Net1 Board. “He 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 will be comprised of two executive and six independent directors once Mr.
Greenstreet’s appointment is effective.
About Net1 (www.net1.com)
Net1 is a multinational financial technology company with a presence in Africa, Asia and
Europe. Net1 leverages its proprietary banking and payment technology to distribute low-cost
financial and value-added services to underbanked consumers and small businesses. The
Company also provides transaction processing services, including being a leading payment
processor and bill payment platform in South Africa. Net1 leverages its strategic investments in
banks, telecom and mobile payment technology companies to further expand its product
offerings or to enter new markets. 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
Group Vice President, 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@bcw-global.com
Johannesburg
March 19, 2020
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 19-03-2020 03:00:00
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