| Wed 30 Nov 2011, 9:54 | | NT1 - Net 1 UEPS Technologies Inc. - Results of Net1 November 29 2011 |
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NT1
NT1
NT1 - Net 1 UEPS Technologies, Inc. - Results of Net1 November 29, 2011
Annual General Meeting
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")
Results of Net1 November 29, 2011 Annual General Meeting
The annual meeting of shareholders of Net1 was held on November 29, 2011.
Proposal No. 1-Election of Directors
All director nominees were elected and the votes cast were as follows:
Director Votes for Broker
Votes non-votes
withheld
Antony C. Ball 32,440,025 957,645 5,999,143
Dr. Serge C.P. Belamant 32,734,841 662,829 5,999,143
Paul Edwards 32,440,025 957,645 5,999,143
Herman G. Kotze 32,411,528 986,142 5,999,143
Alasdair J.K. Pein 32,439,425 958,245 5,999,143
Christopher S. Seabrooke 26,785,559 6,612,111 5,999,143
Tom C. Tinsley 32,439,625 958,045 5,999,143
Proposal No. 2-Ratification of Selection of Independent Registered Public
Accounting Firm
The ratification of the selection of Deloitte & Touche (South Africa) as
the Company`s independent registered public accounting firm for the fiscal
year ending June 30, 2012, was approved and the votes cast were as follows:
Votes cast
For Against Abstain
39,231,391 160,049 5,373
Proposal No. 3-A Non-Binding Advisory Vote Regarding Executive Compensation
The compensation of the Company`s named executive officers was approved, on
an advisory basis, and the votes cast were as follows:
Votes cast
For Against Abstain Broker non-votes
33,014,831 321,960 60,879 5,999,143
Proposal No. 4-A Non-Binding Advisory Vote Regarding Whether an Advisory
Vote on Executive Compensation Will Occur Every One, Two or Three Years
The votes cast on this proposal were as follows:
Votes cast
Every year Every Every three Abstain Broker non-votes
two years years
32,677,184 28,129 630,128 62,229 5,999,143
The Company will hold future advisory votes on executive compensation every
year.
Johannesburg
30 November 2011
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 30/11/2011 09:54:30 Produced by the JSE SENS Department.
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