<SEC-DOCUMENT>0001062993-17-003064.txt : 20170629
<SEC-HEADER>0001062993-17-003064.hdr.sgml : 20170629
<ACCEPTANCE-DATETIME>20170629161621
ACCESSION NUMBER:		0001062993-17-003064
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170629
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20170629
DATE AS OF CHANGE:		20170629

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:		17938500

	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
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   <TITLE>Net1 UEPS Technologies, Inc. - Form 8-K - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C. 20549
<BR><B>___________________________ </B></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT </B><BR><B>Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934 </B><BR></P>
<P align=center>Date of Report (Date of earliest event reported): <B><U>June 29,
2017 (June 23, 2017)</U></B><B> </B></P>
<P align=center><B><U><FONT size=5>NET 1 UEPS TECHNOLOGIES,
INC.</FONT></U></B><B> </B><BR>(Exact name of registrant as specified in its
charter) </P>
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    <TD align=center><B><U>Florida </U></B></TD>
    <TD align=center width="33%"><B><U>000-31203 </U></B></TD>
    <TD align=center width="33%"><B><U>98-0171860 </U></B></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>
<P align=center><B>President Place, 4</B><B><SUP>th</SUP></B><B> Floor, Cnr.
Jan Smuts Avenue and Bolton Road </B><BR><B><U>Rosebank, Johannesburg, South
Africa</U> </B><BR>(Address of principal executive offices) (ZIP Code)
<BR></P>
<P align=center>Registrant&#146;s telephone number, including area code:
<B><U>011-27-11-343-2000 </U></B></P>
<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>[&nbsp; &nbsp;] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425) </P>
<P align=justify>[&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12) </P>
<P align=justify>[&nbsp; &nbsp;] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) </P>
<P align=justify>[&nbsp;&nbsp; ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) </P>
<P align=justify>Indicate by check mark whether the registrant is an emerging
growth company as defined in as defined in Rule 405 of the Securities Act of
1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (&#167;240.12b -2 of this chapter). Emerging growth company [&nbsp;&nbsp; ]</P>
<P align=justify>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.&nbsp;[&nbsp;&nbsp; ]&nbsp;</P>
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<P align=justify><B>Item 1.01 Entry into a Material Definitive Agreement.
</B></P>
<P align=justify>On June 23, 2017 Net1 UEPS Technologies Inc., through its wholly owned South African subsidiary, Net1 Applied Technologies South Africa Proprietary Limited (<b>&quot;Net1 SA&quot;</b>), entered into a transaction in terms of which Net1 SA will, subject to the fulfilment of certain suspensive conditions, subscribe for A ordinary shares in DNI-4PL Contracts Proprietary Limited (<b>&quot;DNI&quot;</b>) which shares will confer on Net1 SA a 45% voting and economic interest in DNI, for a subscription price of ZAR944,999,997 in cash (<b>&quot;Transaction&quot;</b>). Net1 SA expects to finance the Transaction with its existing cash reserves.   </P>
<P align=justify>In terms of the Transaction, Net1 SA is obliged to pay to DNI an additional amount not exceeding ZAR360,000,000 in cash, subject to DNI achieving certain performance targets.   </P>
<P align=justify>The Transaction is subject to suspensive conditions which are typical for a transaction of this nature. The Transaction is conditional upon the &quot;Cell C Transaction&quot; becoming unconditional in accordance with its terms. The Cell C Transaction is the transaction in terms of which Net1 SA will, subject to the fulfilment of certain suspensive conditions, subscribe for 15% of the shares in Cell C Proprietary Limited, for a subscription price of ZAR2,000,000,000 in cash.    </P>
<P align=justify>The Transaction will be given effect to pursuant to the following transaction agreements, which were all signed on June 23, 2017 &ndash; </P><ul><li>
  <div align="justify">a Framework Agreement, in terms of which the Transaction is implemented;</div>
</li>
<li>
  <div align="justify">a Subscription Agreement and an Additional Subscription Agreement, in terms of which Net1 SA subscribed for its 45% interest; and</div>
</li>
<li>
  <div align="justify">a Shareholders Agreement, which governs the relationship between the shareholders of DNI (inter se, and between DNI and its shareholders).
  </div>
</li>
</ul>
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<P align=center><B>SIGNATURES </B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </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: June 29, 2017 </TD>
    <TD align=left width="50%">By: /s/ Herman G. Kotz&#233; </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">Name: Herman G. Kotz&#233; </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">Title: Chief Executive Officer and </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp;Chief Financial Officer </TD></TR></TABLE><BR>
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