EXPLANATORY NOTE
This Amendment No. 3 to Schedule 13D (the Amendment) is being filed with respect to the Reporting Persons beneficial ownership in Net 1
UEPS Technologies, Inc. (the Issuer). This amendment supplements the Schedule 13D as previously filed on June 1, 2016, as amended by Amendment No. 2 filed August 19, 2022 and Amendment No. 1 filed on May 29, 2020
(as amended, the Schedule 13D). Each Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Unless otherwise indicated herein, capitalized terms used but not defined in this
Amendment shall have the same meaning herein as are ascribed to such terms in Schedule 13D.
Item 2. |
Identity and Background. |
Item 2 is hereby amended as follows:
International Finance
Corporation (IFC) acquired 1,004,623 shares of Common Stock of the Issuer as a result of the Issuers acquisition of Adumo (RF) Proprietary Limited and its subsdiaries (the Adumo Group).
IFC Financial Institutions Growth Fund, LP (FIG) acquired 984,539 shares of Common Stock of the Issuer as a result of the Issuers
acquisition of the Adumo Group. .
Item 3. |
Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended as follows:
We incorporate by
reference Item 5(c) below.
Item 5. |
Interest in Securities of the Issuer. |
Item 5(a) is hereby amended and restated to read as follows:
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a) |
The aggregate percentage of Common Stock reported to be beneficially owned by the Reporting Persons is based
upon 78,018,643 shares outstanding as of November 4, 2022, as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. |
Item 5(c) is hereby amended as follows:
(c)
On October 2, 2024, as consideration for the sale of the Adumo Group, in which IFC is an indirect shareholder, to an affiliate of the
Issuer, IFC received 1,004,623 shares of Common Stock of the Issuer valued at the October 1, 2024 closing price of the Issuers shares of Common Stock on the Johannesburg Stock Exchange of $4.79 per share (using the October 1, 2024
closing exchange rate of $1 = ZAR 17.34).
On October 2, 2024, as consideration for the sale of the Adumo Group, in which FIG is an
indirect shareholder, to an affiliate of the Issuer, FIG received 984,539 shares of Common Stock of the Issuer valued at the October 1, 2024 closing price of the Issuers shares of Common Stock on the Johannesburg Stock Exchange of $4.79
per share (using the October 1, 2024 closing exchange rate of $1 = ZAR 17.34).
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Name of Reporting Person |
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Purchase Date |
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Number of Shares Purchased |
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Purchase Price |
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International Finance Corporation |
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10/01/2024 |
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1,004,623 |
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$ |
4,812,922.70 |
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IFC Financial Institutions Growth Fund, LP |
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10/01/2024 |
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984,539 |
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$ |
4,716,704.77 |
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