Statement of Changes in Beneficial Ownership (4)
September 24 2020 - 6:25PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Value Capital Partners (Pty) Ltd |
2. Issuer Name and Ticker or Trading Symbol
NET 1 UEPS TECHNOLOGIES INC
[
UEPS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
ROSEBANK LINK, 173 OXFORD ROAD, 8TH FLOOR, ROSEBANK |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/22/2020 |
(Street)
JOHANNESBURG, T3 2196
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common stock | 9/22/2020 | | P(1) | | 20894 | A | $3.13 | 9287791 (3) | I | See Footnotes (3) |
Common stock | 9/23/2020 | | P(2) | | 28550 | A | $3.13 | 9316341 (3) | I | See Footnotes (3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 20,894 Shares, with VCP's sale of 20,894 Shares at a price of $3.5 per Share on April 23, 2020. VCP has agreed to pay to Net 1, upon settlement of the sale, $7,747.50, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs. |
(2) | The purchase by VCP of the Shares reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 28,550 Shares, with VCP's sale of 28,550 Shares at a price of $3.5 per Share on April 23, 2020. VCP has agreed to pay to Net 1, upon settlement of the sale, $10,477.85, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs. |
(3) | VCP is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares. directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Value Capital Partners (Pty) Ltd ROSEBANK LINK 173 OXFORD ROAD, 8TH FLOOR, ROSEBANK JOHANNESBURG, T3 2196 |
| X |
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Signatures
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/s/ Samuel Sithole | | 9/24/2020 |
**Signature of Reporting Person | Date |
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