| Tue 13 Mar 2012, 14:05 | | NT1 - Net 1 UEPS Technologies Inc. - Net1 announces Updated Universal Shelf |
|
NT1
NT1
NT1 - Net 1 UEPS Technologies, Inc. - Net1 announces Updated Universal Shelf
Registration Statement
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")
Net1 Announces Updated Universal Shelf Registration Statement
Johannesburg, South Africa, March 13, 2012 - Net 1 UEPS Technologies, Inc.
("Net1") (NASDAQ: UEPS, JSE: NT1) today announced that it has filed a new
universal shelf registration on Form S-3 with the United States Securities
and Exchange Commission, which replaces and updates its current shelf
registration statement. Like the current registration statement, the new
registration statement would also allow Net1 to issue up to $500,000,000 of
securities. At the present time, Net1 has no specific plans to sell any
securities for its own account under either the new registration statement
or the current registration statement.
In addition, because Net1 is required to register the 6,409,091 shares of
Net1 common stock owned by investment funds affiliated with General Atlantic
LLC under the terms of a registration rights agreement previously entered
into by the parties, the registration statement includes such shares and
permits those shareholders to sell their shares should they wish to do so in
the future. In the case of a sale of any or all of these shares, Net1 would
not receive any proceeds from such sale.
These securities registered under the new registration statement may not be
sold, nor may offers to buy be accepted, prior to the time the registration
statement becomes effective. The registration statement is available without
charge on the website of the Securities and Exchange Commission at
www.sec.gov and may also be obtained from Net1, Attn: Dhruv Chopra: Vice
President of Investor Relations.
This press release is not an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction. This press release is being issued pursuant to and in
accordance with Rule 134 of the Securities Act of 1933, as amended.
About Net1 (www.net1.com)
Net1 is a leading provider of alternative payment systems that leverage its
Universal Electronic Payment System, or UEPS, to facilitate biometrically
secure real-time electronic transaction processing to unbanked and under-
banked populations of developing economies around the world in an online or
offline environment. In addition to payments, UEPS can be used for banking,
healthcare management, payroll, remittances, voting and identification.
Net1 operates market-leading payment processors in South Africa, Republic of
Korea, Ghana and Iraq. In addition, Net1`s proprietary Mobile Virtual Card
technology offers secure mobile payments and banking services in developed
and emerging countries while its MediKredit and XeoHealth subsidiaries
provide its proprietary 5010 and ICD-10 compliant real-time claims
adjudication system.
Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE
Limited.
Forward-Looking Statements
Forward-looking statements in this press release and the prospectus and the
documents incorporated by reference therein are based on the beliefs and
assumptions of our management and on information currently available.
Forward-looking statements include information about possible or assumed
future results of operations in "Management`s Discussion and Analysis of
Financial Condition and Results of Operations" included in our most recent
Annual Report on Form 10-K, and other statements preceded by, followed by or
that include the words "believes," "expects," "anticipates," "intends,"
"plans," "estimates" or similar expressions.
These forward looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results, levels of
activity, performance or achievements to be materially different from any
future results, levels of activity, performance or achievements expressed,
implied or inferred by these forward-looking statements, such as product
demand, market and customer acceptance, the effect of economic conditions,
competition, pricing, development difficulties, foreign currency risks,
costs of capital, the ability to consummate and integrate acquisitions, and
other risks detailed in our SEC filings. We undertake no obligation to
revise any of these statements to reflect future circumstances or the
occurrence of unanticipated events.
Investor Relations Contact:
Dhruv Chopra
Vice President of Investor Relations
Phone: +1-212-626-6675
Email: dchopra@net1.com
Investor Relations Contact:
Dhruv Chopra
Vice President of Investor Relations
Phone: +1-212-626-6675
Email: dchopra@net1.com
Johannesburg
13 March 2012
Sponsor to Net1
Deutsche Securities (SA) (Proprietary) Limited
Date: 13/03/2012 14:05:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
