- Current report filing (8-K)
30 July 2009 - 12:27AM
Edgar (US Regulatory)
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): July 28,
2009
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, 4
th
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))
I
tem 1.01
-
Entry into a Material Definitive Agreement.
On July 28, 2009, Net 1 UEPS
Technologies, Inc., a Florida corporation (the "
Net1
"), entered into a Stock
Repurchase Agreement (the "
Agreement
") with South African Private Equity Fund
III, L.P., a Cayman Islands limited partnership ("
SAPEF
") and Brait
International Limited, a Mauritian company ("
Brait International
" and, together
with SAPEF, the "
Seller
"). Pursuant to the terms of the Agreement, Net1 agreed
to purchase, or cause any subsidiary of the Company to purchase, 9,221,526
shares of Net1s common stock, par value $0.001 per share (the "
Common Stock"
)
held by the Sellers for a per share purchase price of $13.50 which shall be
payable in South African Rand ("
ZAR
") at an exchange rate of ZAR 7.85: $1.00,
resulting in an aggregate purchase price of ZAR 977,251,218. The closing is
expected to occur on or prior to August 4, 2009.
Item 1.02 -
Termination of
a Material Definitive Agreement.
The information furnished pursuant
to Item 1.01, "Entry into a Material Definitive Agreement" is incorporated by
reference herein. Pursuant to the terms of the Agreement, upon the closing of
the transactions contemplated by the Agreement, the rights and obligations of
Net1 and SAPEF under Stock Purchase Agreement, dated as of January 30, 2004 by
and between the Company and SAPEF (or its nominees) will be terminated.
Item 2.02 -
Results of
Operations and Financial Conditions.
Item 7.01 -
Regulation FD
Disclosure.
The following information is
furnished pursuant to Item 2.02, "Results of Operations and Financial Condition"
and Item 7.01, "Regulation FD Disclosure."
On June 29, 2009,
Net1 issued a press release which contains
certain preliminary financial results for the quarter and year ended June 30,
2009. A copy of Net1s press release is attached as Exhibit 99.1.
Section 9 -
Financial Statements and
Exhibits
Item 9.01.
|
Financial Statements and Exhibits.
|
[signature page
follows]
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: July 29, 2009
|
By:
|
/s/
Serge Belamant
|
|
|
Dr. Serge C.P. Belamant
|
|
|
Chief Executive Officer and Chairman of
|
|
|
the Board
|
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Jul 2023 to Jul 2024