<SEC-DOCUMENT>0001062993-13-001992.txt : 20130419
<SEC-HEADER>0001062993-13-001992.hdr.sgml : 20130419
<ACCEPTANCE-DATETIME>20130419170204
ACCESSION NUMBER:		0001062993-13-001992
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20130418
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130419
DATE AS OF CHANGE:		20130419

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NET 1 UEPS TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001041514
		STANDARD INDUSTRIAL CLASSIFICATION:	FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099]
		IRS NUMBER:				980171860
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		13772147

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE
		STREET 2:		CNR. JAN SMUTS & BOLTON
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			00000
		BUSINESS PHONE:		27 11 343 2000

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE
		STREET 2:		CNR. JAN SMUTS & BOLTON
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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   <TITLE>Net 1 UEPS Technologies, Inc.: Form 8K - Filed by newsfilecorp.com</TITLE>
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    <TD align=center><FONT size=5><B>UNITED STATES </B></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=center><FONT size=5><B>SECURITIES AND EXCHANGE COMMISSION
      </B></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=center><B>Washington, D.C. 20549 </B></TD></TR>
  <TR>
    <TD align=center >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=center><FONT size=5><B>FORM 8-K </B></FONT></TD></TR>
  <TR>
    <TD align=center >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=center><B>CURRENT REPORT </B></TD></TR>
  <TR vAlign=top>
    <TD align=center><B>Pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934 </B></TD></TR>
  <TR>
    <TD align=center >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center>Date of Report (Date of earliest event reported):
      <U>April 19, 2013 (April 18, 2013) </U></TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=center><U><FONT size=5><B>NET 1 UEPS TECHNOLOGIES, INC.
      </B></FONT></U></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>(Exact name of registrant as specified in its charter)
  </TD></TR></TABLE><BR>
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    <TD align=center><U><B>Florida </B></U></TD>
    <TD align=center width="33%"><U><B>000-31203 </B></U></TD>
    <TD align=center width="33%"><U><B>98-0171860 </B></U></TD></TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction </TD>
    <TD align=center width="33%">(Commission </TD>
    <TD align=center width="33%">(IRS Employer </TD></TR>
  <TR vAlign=top>
    <TD align=center>of incorporation) </TD>
    <TD align=center width="33%">File Number) </TD>
    <TD align=center width="33%">Identification No.) </TD></TR></TABLE><BR>
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  <TR vAlign=top>
    <TD align=center colSpan=2><B>President Place, 4</B><B><SUP>th
      </SUP></B><B>Floor, Cnr. Jan Smuts Avenue and Bolton Road </B></TD></TR>
  <TR vAlign=top>
    <TD align=center colSpan=2><U><B>Rosebank, Johannesburg, South Africa
      </B></U></TD></TR>
  <TR vAlign=top>
    <TD align=center colSpan=2>(Address of principal executive offices) (ZIP
      Code) </TD></TR>
  <TR>
    <TD align=center>&nbsp; </TD>
    <TD align=center width="50%">&nbsp; </TD></TR>
  <TR>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center colSpan=2>Registrant&#146;s telephone number, including area
      code: <B><U>011-27-11-343-2000 </U></B></TD></TR></TABLE>
<P align=justify>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:</P>
<P align=justify>[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>
<P align=justify>[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)</P>
<P align=justify>[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))</P>
<P align=justify>[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e -4(c))</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<!--$$/page=--><A name=page_2></A>
<P align=justify><B>Item 8.01. Other Events.</B></P>
<P align=justify>On April 18, 2013, Net1 issued a press release which announced
that the one-year option to purchase 8,955,000 shares with an exercise price of
$8.96 per share granted to Business Venture Investments 1567, a special purpose
vehicle that represents a consortium of black South Africans, community groups
and the Net1 Foundation, has expired. A copy of the press release issued on
April 18, 2013, is attached at Exhibit 99.1.</P>
<P align=justify>On April 19, 2013, Net1 issued a press release which announced
that AllPay Consolidated Investment Holdings (Pty) Ltd has filed leave to appeal
with the South African Constitutional Court against the judgment handed down by
the South African Supreme Court of Appeal on March 27, 2013. A copy of the press
release issued on April 19, 2013, is attached at Exhibit 99.2.</P>
<P align=justify><B>Item 9.01. Financial Statements and Exhibits.</B></P>
<DIV>
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  <TR vAlign=top>
    <TD align=right>(d) </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="91%">Exhibits </TD></TR>
  <TR>
    <TD align=left>&nbsp; </TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center><U>Exhibit</U> </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="91%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center><U>No.</U> </TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="91%"><U>Description</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left bgcolor="#EEEEEE"><a href="exhibit99-1.htm">99.1 </a></TD>
    <TD width="2%" align=left bgcolor="#EEEEEE">&nbsp;</TD>
    <TD width="91%" align=left bgcolor="#EEEEEE"><a href="exhibit99-1.htm">Press Release, dated April 18, 2013, issued by
      Net 1 UEPS Technologies, Inc. </a></TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><a href="exhibit99-2.htm">99.2 </a></TD>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="91%"><a href="exhibit99-2.htm">Press Release, dated April 19, 2013, issued by
      Net 1 UEPS Technologies, Inc. </a></TD></TR></TABLE>
</DIV><BR>
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<P align=center><B>SIGNATURES</B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</P>
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  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="50%"><B>NET 1 UEPS TECHNOLOGIES, INC.</B> </TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Date: April 19, 2013 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">By:
      /s/ Serge Belamant </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp;Dr. Serge C.P.
      Belamant </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp;Chief Executive
      Officer and Chairman of </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp;the Board
  </TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P align=right>Exhibit 99.1</P>
<P align=justify><B>Net1 BEE Option Expires Unexercised; Company and BBBEE
Consortium Evaluating Alternatives</B></P>
<P align=justify>Johannesburg - April 18, 2013 - Net 1 UEPS Technologies, Inc.
(NasdaqGS: UEPS; JSE: NT1) (&#147;Net1&#148; or the &#147;Company&#148;) today announced that the
one-year option to purchase 8,955,000 shares with an exercise price of $8.96 per
share granted to Business Venture Investments 1567 ("BVI"), a special purpose
vehicle that represents a consortium of black South Africans, community groups
and the Net1 Foundation (the "BBBEE consortium"), has expired unexercised. The
Company and the BBBEE consortium are evaluating various alternatives to ensure
the Company&#146;s empowerment objectives will be met.</P>
<P align=justify>Mr. Mosehla, who represents the BBBEE consortium, has expressed
his continued commitment to the Company and will remain a director on the Net1
Board.</P>
<P align=justify>"The protracted legal battle with Absa subsidiary AllPay
regarding the SASSA tender, recently decided in favor of SASSA and Net1 by a
unanimous ruling of the full bench of the South African Supreme Court of Appeal,
and the existence of the DOJ/SEC investigations have thwarted any chance that
BVI may have had to raise the funds required to exercise the option. I am
disappointed that our attempt to embrace South African economic empowerment
policies has failed due to circumstances beyond our control," said Dr. Serge
Belamant, Chairman and CEO of Net1. "Net1 remains committed to these critical
transformative policies and we hope to conclude a new transaction in the near
future which will achieve a similar result. We would like to thank Mr. Mosehla
for his contributions and continued commitment to the Company despite this
unfortunate setback," he concluded.</P>
<P align=justify><B>About Net1 (<U>www.net1.com</U>) </B></P>
<P align=justify>We are a leading provider of alternative payment systems that
leverage our Universal Electronic Payment System, or 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. In addition to payments, UEPS can be used for banking,
healthcare management, payroll, remittances, voting and identification.</P>
<P align=justify>We operate market-leading payment processors in South Africa,
Republic of Korea and Ghana. In addition, our proprietary Mobile Virtual Card
technology offers secure mobile payments and banking services in developed and
emerging countries. </P>
<P align=justify>We have a primary listing on the Nasdaq and a secondary listing
on the JSE Limited.</P>
<P align=justify><B>Forward-Looking Statements</B></P>
<P align=justify>This announcement contains forward-looking statements that
involve known and unknown risks and uncertainties. A discussion of various
factors that cause our actual results, levels of activity, performance or
achievements to differ materially from those expressed in such forward-looking
statements are included in our filings with the Securities and Exchange
Commission. We undertake no obligation to revise any of these statements to
reflect future events.</P>
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<P align=justify><B>Investor Relations Contact:</B></P>
<P align=justify>Dhruv Chopra<BR>Vice President of Investor Relations<BR>Phone:
+1-212-626-6675<BR>Email: dchopra@net1.com</P>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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<P align=right>Exhibit 99.2</P>
<P align=justify><B>Net1: AllPay files leave to appeal to Constitutional
Court</B></P>
<P align=justify>Johannesburg - April 19, 2013 - Net 1 UEPS Technologies, Inc.
(NasdaqGS: UEPS; JSE: NT1) (the &#147;Company&#148;) today announced that AllPay
Consolidated Investment Holdings (Pty) Ltd has filed leave to appeal with the
South African Constitutional Court against the judgment handed down by the South
African Supreme Court of Appeal on March 27, 2013. The Company cannot predict
what the outcome of the application process will be.</P>
<P align=justify><B>About Net1 (<U>www.net1.com</U>) </B></P>
<P align=justify>We are a leading provider of alternative payment systems that
leverage our Universal Electronic Payment System, or 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. In addition to payments, UEPS can be used for banking,
healthcare management, payroll, remittances, voting and identification.</P>
<P align=justify>We operate market-leading payment processors in South Africa,
Republic of Korea and Ghana. In addition, our proprietary Mobile Virtual Card
technology offers secure mobile payments and banking services in developed and
emerging countries. </P>
<P align=justify>We have a primary listing on the Nasdaq and a secondary listing
on the JSE Limited.</P>
<P align=justify><B>Forward-Looking Statements</B></P>
<P align=justify>This announcement contains forward-looking statements that
involve known and unknown risks and uncertainties. A discussion of various
factors that cause our actual results, levels of activity, performance or
achievements to differ materially from those expressed in such forward-looking
statements are included in our filings with the Securities and Exchange
Commission. We undertake no obligation to revise any of these statements to
reflect future events.</P>
<P align=justify><B>Investor Relations Contact:</B></P>
<P align=justify>Dhruv Chopra<BR>Vice President of Investor Relations<BR>Phone:
+1-212-626-6675<BR>Email: dchopra@net1.com<BR></P>
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