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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Net 1 Ueps Technologies Inc | NASDAQ:UEPS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.58 | 3.85 | 6.50 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 10, 2014
NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida | 000-31203 | 98-0171860 |
(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
President Place, 4th Floor, Cnr. Jan
Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)
Registrants telephone number, including area code: 011-27-11-343-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 7.01 Regulation FD Disclosure.
On September 10, 2014, Net1 issued a media release responding to certain false and unsubstantiated South African media reports as well as statements made by the Black Sash, alleging that Net1s subsidiary Cash Paymaster Services Proprietary Limited (CPS) has made unlawful, illegal and/or unauthorized deductions on the bank accounts of South African Social Security Agency (SASSA) grant recipients. A copy of the media release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) |
Exhibits |
Exhibit | |
No. | Description |
99.1 | Media Release, dated September 10, 2014, issued by Net 1 UEPS Technologies, Inc. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NET 1 UEPS TECHNOLOGIES, INC. | |
Date: September 10, 2014 | By: /s/ Serge Belamant |
Dr. Serge C.P. Belamant | |
Chief Executive Officer and Chairman of the Board |
Exhibit 99.1
Net1 reiterates its support for financial inclusion
Media release: Johannesburg, 10 September 2014
Net1 (Nasdaq: UEPS; JSE: NT1) wishes to respond to certain false and unsubstantiated media reports as well as statements made by the Black Sash, alleging that Net1’s subsidiary Cash Paymaster Services (“CPS”) has made unlawful, illegal and/or unauthorised deductions on the bank accounts of South African Social Security Agency (“SASSA”) grant recipients.
Net1 wishes to put the following facts on record:
“The South African government is continuously striving to reduce poverty and enhance the lifestyle of the poorest of the poor, and we are committed to helping them achieve this through innovation and the security offered by our technology,” said Dr. Serge Belamant, Chairman and CEO of Net1. “Making it possible for the indigent to be able to benefit from products like loan finance, funeral insurance via debit orders, and the ability to draw cash form part of providing financial inclusion for all. We do not apologise for aiding financial inclusion - why should the most vulnerable people in our country not have access to additional funds when they need it most? Any attempt to disrupt such a cause would simply put South Africa back decades in its struggle for social upliftment,” he concluded.
- Ends –
Notes to Editors
About Net 1 (www.net1.com)
Net 1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System (“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.
Net 1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net 1 operates market-leading payment processors in South Africa and the Republic of Korea. In addition, Net 1's proprietary MVC technology offers secure mobile payments and banking services in developed and emerging countries.
Net 1 has a primary listing on the Nasdaq and a secondary listing on the Johannesburg Stock Exchange.
Contact details
Net 1 | Dr. Serge Belamant | CEO | +27 11 343-2000 | sergeb@net1.com
Tribeca Public Relations | Keri Krug | Senior Account Director | +27 208 5530 | +27 83 344 6855 |
kerik@tribecapr.co.za
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