Net1 amends finalization dates for use of new stock tickers
May 17 2022 - 9:11AM
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS:
UEPS; JSE: NT1) today announced that it has amended its
finalization dates for use of its new stock tickers. The Company
had expected the new name change to be effective on May 18, 2022.
As reported on May 6, 2022, the Company’s
shareholders approved the new name of Lesaka Technologies, Inc. On
May 16, 2022, the Florida Secretary of State confirmed the
registration of the Company’s amendments to its amended and
restated articles of incorporation. The Company has now officially
changed its name from Net 1 UEPS Technologies, Inc. to Lesaka
Technologies, Inc.
Trading under the new name is expected to
commence on May 25, 2022, on both the NasdaqGS and Johannesburg
Stock Exchange.
The Company’s revised corporate actions timetable is set out
below:
Action |
Nasdaq |
JSE (revised) |
Finalization date |
N/A |
May 17, 2022 |
Last day to trade(1) |
May 24, 2022 |
May 24, 2022 |
List and trade shares in the new name(2)(3) |
N/A |
May 25, 2022 |
Record date |
N/A |
May 27, 2022 |
Issue of dematerialized securities in new name |
N/A |
May 30, 2022 |
(1) With respect to shares held
by South African Shareholders, existing paper certificates cannot
be dematerialized and rematerialized subsequent to the name change,
all future positions will be held in dematerialized form after the
last date to trade.(2) Date on which name will be
changed on the JSE to long-name: Lesaka Technologies, Inc.;
short-name: Lesaka; JSE share code: LSK. The ISIN and sector on the
JSE remains the same. (3) Shares may not be
transferred between Net1’s US register and South African Branch
Register between May 25, 2022 and May 27, 2022, both days
inclusive.About Lesaka (www.lesakatech.com)
Lesaka Technologies, (Lesaka™) is a South
African Fintech company that utilizes its proprietary banking and
payment technologies to deliver superior financial services
solutions to merchants (B2B) and consumers (B2C) in Southern
Africa. Lesaka’s mission is to drive true financial inclusion for
both merchant and consumer markets through offering affordable
financial services to previously underserved sectors of the
economy. Lesaka offers cash management solutions, growth capital,
card acquiring, bill payment technologies and value-added services
to formal and informal retail merchants as well as banking, lending
and insurance solutions to consumers across Southern Africa. The
Lesaka journey originally began as “Net1” in 1997 and later
rebranded to Lesaka (2022). The Connect Group was acquired in 2022.
As Lesaka, the business continues to grow its systems and
capabilities to deliver meaningful fintech-enabled, innovative
solutions for SA’s merchant and consumer markets.
Lesaka has a primary listing on NASDAQ
(NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock
Exchange (JSE: NT1). Visit www.lesakatech.com for more information
about Lesaka Technologies (Lesaka™).
Investor Relations
Contact:ICREmail: LesakaIR@icrinc.com
Media Relations Contact:Janine Bester
GertzenEmail: Janine@thenielsennetwork.com
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