<SEC-DOCUMENT>0001062993-24-017417.txt : 20241004
<SEC-HEADER>0001062993-24-017417.hdr.sgml : 20241004
<ACCEPTANCE-DATETIME>20241004093126
ACCESSION NUMBER:		0001062993-24-017417
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241004
DATE AS OF CHANGE:		20241004

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LESAKA TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001041514
		STANDARD INDUSTRIAL CLASSIFICATION:	FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				980171860
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		241353698

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NET 1 UEPS TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20000724
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>formdefa14a.htm
<DESCRIPTION>FORM DEFA14A
<TEXT>
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    <title>Lesaka Technologies, Inc.: Form DEFA14A - Filed by newsfilecorp.com</title>
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    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="margin-bottom: 0pt; text-align: center;"><font style="font-size: 18pt;"><b>UNITED STATES</b></font><br><font style="font-size: 18pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p>
    <p style="margin-top: 0pt; text-align: center;">WASHINGTON, D.C. 20549</p>
    <p style="text-align: center;"><font style="font-size: 18pt;"><b>SCHEDULE 14A</b></font></p>
    <p style="text-align: center;">Proxy Statement Pursuant to Section 14(a) of the Securities<br>Exchange Act of 1934 (Amendment No. )</p>
    <table style="border-collapse: collapse; font-size: 10pt; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">Filed by the Registrant [X]</td>
        </tr>
        <tr>
            <td style="margin-bottom: 0pt;">Filed by a Party other than the Registrant [ ]</td>
        </tr>
        <tr>
            <td style="margin-bottom: 0pt;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-bottom: 0pt;">Check the appropriate box:</td>
        </tr>
        <tr>
            <td style="margin-bottom: 0pt;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[ ]<font style="width: 28.34pt; display: inline-block;">&#160;</font>Preliminary Proxy Statement</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[ ]<font style="width: 28.34pt; display: inline-block;">&#160;</font><b>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</b></td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[ ]<font style="width: 28.34pt; display: inline-block;">&#160;</font>Definitive Proxy Statement</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[X]<font style="width: 23.62pt; display: inline-block;">&#160;</font>Definitive Additional Materials</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[ ]<font style="width: 28.34pt; display: inline-block;">&#160;</font>Soliciting Material Pursuant to &#167;240.14A-12</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; text-align: center;"><font style="font-size: 18pt;"><b><u>LESAKA TECHNOLOGIES, INC.</u></b></font></p>
    <p style="margin-top: 0pt; text-align: center;">(Name of Registrant as Specified in Its Charter)</p>
    <p style="text-align: center;">______________________________________________________<br>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</p>
    <p style="text-align: justify;">Payment of Filing Fee (Check the appropriate box):</p>
    <table style="border-collapse: collapse; font-size: 10pt; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[X]</td>
            <td style="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;">No fee required.</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">&#160;</td>
            <td style="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[ ]</td>
            <td style="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;">Fee paid previously with preliminary materials.</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">&#160;</td>
            <td style="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">[ ]</td>
            <td style="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><font style="background-color: #ffffff;">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</font></td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: center;"><b>Lesaka Technologies, Inc.</b></p>
    <p style="margin-bottom: 0pt; text-align: center;"><i><b>Supplement to Proxy Statement</b></i></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><i><b>For 2024 Annual Meeting of Shareholders</b></i></p>
    <p style="margin-top: 0pt; text-align: center;"><i><b>To Be Held on November 14, 2024</b></i></p>
    <p style="text-align: justify;">This supplement to the proxy statement dated October 4, 2024 (the "Supplement") supplements the proxy statement dated October 2, 2024 (the "Proxy Statement"), previously made available to our shareholders in connection with the solicitation by our Board of Directors of proxies to be voted at the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of Lesaka Technologies, Inc. ("we," or "us), to be held on November 14, 2024, at 16:00 local time (9:00 am Eastern Time). We are providing this Supplement solely to correct a typographical error in the 2024 Pay versus Performance disclosures table appearing on page 38 of the Proxy Statement. The corrected information is provided below and replaces the original information in the Proxy Statement in its entirety.</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 9pt; border-color: #000000;" cellspacing="0" cellpadding="0">
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            <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2"><b>Year</b></td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2"><b>Summary<br>compensation<br>table<br>total for<br>first PEO<br></b><b>(1)(5)</b></td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2"><b>Summary<br>compensation<br>table total<br>for second<br>PEO (2)(4)</b></td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2"><b>Compensation<br>actually<br>paid to<br>first PEO<br>(1) (5) </b></td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2"><b>Compensation<br>actually<br>paid to<br>second<br>PEO </b><br><b>(2) (5)</b></td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2"><b>Average<br>summary<br>compensation<br>table total<br>for non-<br>PEO<br>NEOs<br>(3)(6)</b></td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2"><b>Average<br>compensation<br>actually<br>paid to<br>non-<br>PEO<br>NEOs<br>(3)(7)</b></td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"><b>Value of<br>initial fixed<br>$100<br>investment<br>based on:</b></td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2"><b>Net loss<br></b><b>$ '000</b></td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2"><b>Group<br>Adjusted<br>EBITDA</b><br><b>ZAR '000<br>(9)</b></td>
            <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;" rowspan="2">&#160;</td>
        </tr>
        <tr>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">&#160;</td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"><b>Total<br>shareholder<br>return(8)</b></td>
            <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">&#160;</td>
        </tr>
        <tr>
            <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff;">2024</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">1,244,097</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">5,709,225</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">1,386,802</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">6,371,525</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">1,298,856</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">1,347,237</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">99</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;">($17,440</td>
            <td style="vertical-align: bottom; text-align: left; background-color: #e6efff;">)</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">690,943</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
        </tr>
        <tr>
            <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: center;">2023</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">1,432,860</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">N/A</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">833,154</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">N/A</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">1,283,723</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">925,470</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">81</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right;">($35,074</td>
            <td style="vertical-align: bottom; text-align: left;">)</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%;">445,450</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%;">&#160;</td>
        </tr>
        <tr>
            <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff;">2022</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">3,978,441</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">N/A</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">3,996,918</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">N/A</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">873,407</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">773,282</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">$</td>
            <td style="vertical-align: bottom; text-align: right; width: 6%; background-color: #e6efff;">109</td>
            <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;">($43,876</td>
            <td style="vertical-align: bottom; text-align: left; background-color: #e6efff;">)</td>
            <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;">(327,816</td>
            <td style="vertical-align: bottom; text-align: left; background-color: #e6efff;">)</td>
        </tr>
    </table>
    <p style="background-color: #ffffff; text-align: justify;"><b>Additional Information</b></p>
    <p style="background-color: #ffffff; text-align: justify;">If you have already voted by internet, telephone, or by mail, you do not need to take any action unless you wish to change your vote. Proxy voting instructions already returned by stockholders (via internet, telephone, or mail) will remain valid and will be voted at the Annual Meeting unless revoked.</p>
    <p style="background-color: #ffffff; text-align: justify;">Important information regarding how to vote your shares and revoke proxies already cast is available in the Proxy Statement under the caption "Voting Rights and Procedures."</p>
    <p style="background-color: #ffffff; text-align: justify;">Other than as described above, this Supplement does not revise or update any other information in the Proxy Statement and should be read in conjunction with the Proxy Statement. From and after the date of this Supplement, any references to the "Proxy Statement" are to the Proxy Statement as supplemented hereby.</p>
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