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Net1 Appoints Chris Meyer As Group CEO
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 Chris Meyer As Group CEO
Johannesburg, June 30, 2021 – Net1 (NasdaqGS: UEPS; JSE: NT1) today announced that it has appointed
Chris Meyer as Group Chief Executive Officer (“CEO”) as of July 1, 2021.
A highly accomplished financial services executive with over 23 years in the industry, Mr. Meyer makes
the move to Net1 after a 20-year career with Investec Bank Plc (“Investec”). From his base in London,
Chris led Investec’s international Corporate & Investment bank, serving over 100,000 corporate and
institutional clients across seven countries. He was also an executive director for Investec and various
international and regional subsidiaries.
“After a thorough and rigorous search process, we are delighted to welcome Chris as Group CEO. Chris
has a strong track record in building world-class teams as well as building and scaling businesses to achieve
growth at pace across multiple geographies and cultures. With his strong South African roots and
experience growing businesses across the world, we are proud to have an executive of Chris’ caliber join
us to lead the group and to work with Lincoln Mali, our Southern African CEO. This is in line with our
growth ambitions for the Net1 Group,” said the Board of Directors of Net1. “We also thank Alex Smith for
serving as the Interim Group CEO during this period of transition.”
As of July 1, 2021, Alex Smith will revert to his role as Chief Financial Officer.
Mr. Meyer said: “I am delighted to be appointed as Group CEO of Net1. I am passionate about building
people, teams and businesses, and inspired by watching them grow. Net1 has incredible assets and
capabilities, in South Africa and abroad. As a proud South African I am incredibly excited to be joining
Net1 at such a pivotal stage in its journey, as we re-set our vision and build a world class, inclusive and
transparent banking offering for the unbanked and underbanked in South Africa. Like my new colleagues,
this is a mission that has deep personal meaning for me and is something we will deliver on with focus and
passion. I aim to work towards creating a company that will be a force for good whilst also unlocking value
for shareholders.”
About Net1
Net1 is a South African-focused financial technology company with a presence in Africa and Asia. Net1
utilizes its proprietary banking and payment technology to distribute low-cost financial and value-added
services to underserved consumers and small businesses. The Company also provides transaction
processing services, including being a 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:
Dara Dierks
Managing Director – ICR
Email: net1IR@icrinc.com
Media Relations Contact:
Bridget von Holdt
Business Director – BCW
Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
Johannesburg
June 30, 2021
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 30-06-2021 03:00:00
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