Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
February 17 2017 - 04:17PM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(5)
Registration No.
333-208065
STICKER SUPPLEMENT NO. 1
(To the prospectus supplement dated October 6, 2016)
(To the prospectus dated December 8, 2015)
5,000,000 Shares
Common Stock
EXPLANATORY NOTE
This sticker supplement no. 1 (this sticker supplement) is
part of, and should be read in conjunction with, our prospectus supplement no.
1, dated October 6, 2016 (the Prospectus Supplement), and our prospectus,
dated December 8, 2015 (together with the Prospectus Supplement, the
Prospectus). The purpose of this sticker supplement is to disclose an
assignment by one of the initial purchasers and update the timing of the
anticipated delivery of the shares. Other than the disclosures set forth below,
this sticker supplement does not supplement or alter the Prospectus in any way.
ASSIGNMENT BY DRAPER GAIN INVESTMENTS LTD. TO PETER GAIN
Pursuant to the Stock Purchase Agreement, dated as of October
5, 2016 (as amended, the
Agreement
), by and between Net 1 UEPS
Technologies, Inc., a Florida corporation (the
Company
) and Draper Gain
Investments Ltd., a company organized under the laws of England and Wales
(
Draper
Gain
), Draper Gain assigned its rights and obligations
under the Agreement to Peter Gain, the sole owner of Draper Gain, to purchase
the 2,500,000 shares of common stock, par value $0.001 per share, of the
Company, and Peter Gain agreed to be bound by the provisions of the Agreement.
Accordingly, Peter Gain replaces Draper Gain as one of the initial purchasers
named in the Prospectus.
TIMING OF DELIVERY OF THE SHARES
We anticipate that delivery of the shares of common stock will
be made on or about February 17, 2017, subject to the satisfaction of certain
conditions.
This sticker supplement is part of the Prospectus and must
accompany the Prospectus to satisfy the prospectus-delivery requirements under
the Securities Act of 1933, as amended.
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or
determined if this sticker supplement is truthful or complete. Any
representation to the contrary is a criminal offense.
The date of this sticker supplement is February 17, 2017.
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