| Tue 7 Dec 2010, 14:32 | | NT1 - Net 1 UEPS Technologies Inc. - Notification of director`s dealings in |
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NT1
NT1
NT1 - Net 1 UEPS Technologies, Inc. - Notification of director`s dealings in
Net1 securities
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
ISIN: US64107N2062
("Net1" or "the company")
Notification of director`s dealings in Net1 securities
In compliance with rule 3.63 to 3.65 of the JSE Limited Listings Requirements,
the following dealings in the securities of Net1 have taken place by a director
of the company:
Director: Christopher Stefan Seabrooke
Number of securities: 100,000
Class of security: Common stock
Nature of interest: Indirect, Non-beneficial (1)
Nature of transaction: Purchase (2)
Date of transaction: 06 December 2010
Price: ZAR 84.75 (2)
Total transaction value: ZAR 8,475,000
(1) A trust, settled by a relative of the reporting person and of which the
reporting person is a discretionary beneficiary, is shareholder of the company
whose wholly owned subsidiary is acquiring the common stock. The trust
beneficially owns 33% of the company acquiring the common stock and has the
right to vote 67% of the issued shares of the company. The reporting person is
one of four trustees of the trust, and all matters voted on require a simple
majority. The reporting person is the chief executive of the company acquiring
the common stock. The reporting person disclaims beneficial ownership of these
shares except to the extent of his pecuniary interest therein.
(2) The purchase of shares on market recorded above is the implementation of the
irrevocable undertaking to purchase these shares as advised to shareholders on
SENS on 24 November 2010 (80,990 shares plus 19,010 shares) and records the
final pricing of the transaction.
07 December 2010
Johannesburg
Sponsor to Net1:
Deutsche Securities (SA) (Proprietary) Limited
Date: 07/12/2010 14:32:01 Produced by the JSE SENS Department.
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