Current Report Filing (8-k)
February 12 2018 - 9:01AM
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):
February
12, 2018 (February 9, 2018)
NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida
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000-31203
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98-0171860
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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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))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b
-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. [ ]
Item 2.01. Completion of Acquisition or Disposition of
Assets.
On February 9, 2018, Net 1 UEPS Technologies, Inc., through its
wholly owned subsidiary, Net1 Applied Technologies Netherlands B.V. (Net1
Netherlands), completed its acquisition of an additional 5% interest in Bank
Frick & Co AG (Bank Frick), a fully licensed bank based in Balzers,
Liechtenstein, from Kuno Frick Familienstiftung, a Liechtenstein Foundation (the
Frick Foundation). Following the completion of this investment, Net1
Netherlands will own 35% of Bank Frick.
The purchase price was CHF 10.4 million ($11.1 million
translated at the exchange rate applicable as of February 9, 2018) in cash. This
investment was made pursuant to the second addendum, dated January 26, 2018, to
the share purchase agreement, dated January 12, 2017, between Net1 Netherlands
and the Frick Foundation. Net1 Netherlands has a two-year option to acquire an
additional 35% interest in Bank Frick.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Pursuant to Item 9.01(a)(4) of Form 8-K, the financial
statements required by this Item, if any, with respect to the investment
described in Item 2.01 herein, will be filed as soon as practicable.
(b) Pro forma financial information.
Pursuant to Item 9.01(b)(2) of Form 8-K, the pro forma
financial information required by this Item, if any, with respect to the
investment described in Item 2.01 herein, will be filed as soon as
practicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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NET 1 UEPS TECHNOLOGIES,
INC.
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Date: February 12, 2018
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By:
/s/ Herman G. Kotzé
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Name:
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Herman G. Kotzé
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Title:
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Chief Executive Officer,
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Chief Financial Officer, Treasurer and
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Secretary
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