Current Report Filing (8-k)
November 07 2017 - 4:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 7,
2017 (October 2, 2017)
NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida
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000-31203
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98-0171860
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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President Place, 4
th
Floor, Cnr. Jan
Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive
offices)
(ZIP Code)
Registrants telephone number, including area code:
011-27-11-343-2000
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check
mark whether the registrant is an emerging growth company as defined in Rule 405
of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. [ ]
Item 2.01. Completion of Acquisition or Disposition of
Assets.
On October 2, 2017, Net 1 UEPS Technologies, Inc., through its
wholly owned subsidiary, Net1 Applied Technologies Netherlands B.V. (Net1
Netherlands), completed its acquisition of a 30% interest in Bank Frick &
Co AG (Bank Frick), a fully licensed bank based in Balzers, Liechtenstein,
from Kuno Frick Familienstiftung, a Liechtenstein Foundation (the Frick
Foundation). The purchase price was CHF 39.8 million ($40.9 million translated
at the exchange rate applicable as of October 2, 2017) in cash. This investment
was made pursuant to a share purchase agreement, dated January 12, 2017, between
Net1 Netherlands and the Frick Foundation. Net1 Netherlands has a two-year
option to acquire an additional 35% interest in Bank Frick.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Pursuant to Item 9.01(a)(4) of Form 8-K, the financial
statements required by this Item, if any, with respect to the investment
described in Item 2.01 herein, will be filed as soon as practicable.
(b) Pro forma financial information.
Pursuant to Item 9.01(b)(2) of Form 8-K, the pro forma
financial information required by this Item, if any, with respect to the
investment described in Item 2.01 herein, will be filed as soon as
practicable.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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NET 1 UEPS TECHNOLOGIES, INC.
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Date: November 7, 2017
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By:
/s/ Herman G. Kotzé
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Name: Herman G. Kotzé
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Title: Chief Executive Officer,
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Chief Financial Officer, Treasurer and Secretary
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