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Filing Details

Accession Number:: 0001140361-20-021992
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-30 16:15:31
Reporting Period:: 2020-09-28

Accepted Time:: 2020-09-30 16:15:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1041514	Net 1 Ueps Technologies Inc	UEPS	Functions Related To Depository Banking, Nec (6099)	980171860

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1293885	C Antony Ball	President Place, 4Th Floor Cnr. Jan Smuts Avenue And Bolton Road Johannesburg T3 2196		No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-09-28	44,595	$3.20	9,597,595	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2020-09-29	186,437	$3.39	9,784,032	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Footnotes

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 44,595 Shares, with VCP's sale of 44,595 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, $13,556.88, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
Purchase prices for the transactions reported here range from $3.16 to $3.20. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.
VCP, of which the reporting person is a minority shareholder and its chairman, has been appointed as investment manager to a South African collective investment scheme trust and certain segregated accounts (the "VCP Managed Funds"), providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP and accordingly the reporting person may be deemed to be the beneficial owner of such Shares . The reporting person disclaims beneficial ownership of these Shares except to the extent of his pecuniary interest therein.
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 95,424 Shares, with VCP's sale of 95,424 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, $12,436.48, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
Purchase prices for the transactions reported here range from $3.35 to $3.41. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.