LESAKA TECHNOLOGIES INC — Director's Dealing 2020

Sep 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2020-09-24

Reporting Person: Value Capital Partners (Pty) Ltd (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-24	Common stock	P	97342	$3.13	Acquired	9413683	Indirect
2020-09-25	Common stock	P	139317	$3.18	Acquired	9553000	Indirect

Footnotes

F1: 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 97,342 Shares, with VCP's sale of 97,342 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, $35,724.51, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F2: Purchase prices for the transactions reported here range from $3.06 to $3.16. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F3: 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 139,317 Shares, with VCP's sale of 139,317 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, $44,038.10, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F4: 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.

F5: Purchase prices for the transactions reported here range from $3.13 to $3.20. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.