Lesaka Technologies Files Proxy Statement

Ticker: LSAK · Form: DEFA14A · Filed: Jun 11, 2024 · CIK: 1041514

Lesaka Technologies INC DEFA14A Filing Summary
FieldDetail
CompanyLesaka Technologies INC (LSAK)
Form TypeDEFA14A
Filed DateJun 11, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, corporate-governance

TL;DR

Lesaka Tech (formerly Net 1 UEPS) filed a proxy statement on 6/11. Shareholders vote soon.

AI Summary

Lesaka Technologies, Inc. filed a DEFA14A proxy statement on June 11, 2024. This filing is soliciting material under Rule 14a-12, indicating it's related to a proxy solicitation. The company was formerly known as NET 1 UEPS TECHNOLOGIES INC until July 24, 2000.

Why It Matters

This filing is a proxy statement, which means shareholders will be asked to vote on certain company matters, potentially impacting corporate governance and future decisions.

Risk Assessment

Risk Level: low — This is a standard proxy filing (DEFA14A) and does not inherently indicate new risks or significant negative events.

Key Players & Entities

FAQ

What is the purpose of a DEFA14A filing?

A DEFA14A filing is a Schedule 14A Proxy Statement filed with the SEC, used to solicit proxies from shareholders for an upcoming meeting or action.

Who is the filing company?

The filing company is Lesaka Technologies, Inc.

When was this filing made?

This filing was made on June 11, 2024.

What was Lesaka Technologies, Inc. previously known as?

Lesaka Technologies, Inc. was formerly known as NET 1 UEPS TECHNOLOGIES INC.

What is the significance of the 'Soliciting Material under §240.14a-12' checkbox being checked?

This indicates that the filing is soliciting material and is being filed under Rule 14a-12, which allows for solicitation before the filing of a definitive proxy statement under certain conditions.

Filing Stats: 4,546 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-06-11 16:05:20

Filing Documents

From the Filing

Lesaka Technologies, Inc.: Form DEFA14A - Filed by newsfilecorp.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 LESAKA TECHNOLOGIES, INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 The following communication was shared via email with employees of Lesaka Technologies, Inc. on June 10, 2024 in connection with the requirements of the South African Competition Act, 89 of 1998 (the "Competition Act"). The statements made in the Competition Act filing were made only for purposes of such filing and are made as of the specific date or dates set forth therein, and were made solely for the benefit of the employees of Lesaka Technologies, Inc. as required by the South African Competition Act regulatory authorities. In addition, the statements contained in the Competition Act filing were made pursuant to the regulatory requirements of the Competition Act and may be subject to disclosure standards that differ from those applicable to investors. Investors are not third-party beneficiaries of Competition Act filing and should not rely on the statements contained therein, including statements regarding the anticipated impact of the Adumo transaction, as characterizations of the actual state of facts or conditions of Lesaka, Adumo or the proposed acquisition of Adumo by Lesaka. To: Employees of Lesaka Technologies Proprietary Limited From: Norma Teyise Date: 7 June 2024 NOTICE OF PROPOSED TRANSACTION Lesaka Technologies Proprietary Limited (" the Acquiring Firm ") intends acquiring 100% of the shares in Adumo (RF) Proprietary Limited (" the Target Firm ") (" the proposed transaction "). In terms of the Competition Act, 89 of 1998 (" Competition Act "), the proposed transaction constitutes a large merger and requires notification to the South African Competition Authorities. It is a requirement of the Competition Act that the employees of the merging parties are informed of the proposed transaction and are given the opportunity to peruse a non-confidential version of the merger filing, should they wish to do so. I have received a non-confidential version of the merger filing, which comprises- 1.1 Form CC4(1): Merger Notice, together with non-confidential versions of Schedules 1 and 2 thereto; 1.2 Form CC4(2): Statement of Merger Information by the Acquiring Firm, together with non-confidential versions of Schedules 3, 4, 5 and 6 thereto; 1.3 Form CC4(2): Statement of Merger Information by the Target Firm, together with non-confidential versions of Schedules 3, 4, 5 and 6 thereto; and 1.4 a competitiveness report. The abovementioned documents are available for inspection on request, should any employee wish to do so. CONFIDENTIAL SCHEDULE 1 TO CC 4 (1) FORM FILED BY THE ACQUIRING GROUP ACQUIRING FIRMS Lesaka Technologies Proprietary Limited 4th Floor President Place ("Lesaka" ) Corner Jan Smuts Avenue & Bolton Road, Rosebank, Johannesburg South Africa 2196 OTHER ACQUIRING FIRMS Please refer to Form CC4(2) filed by Please refer to Form CC4(2) filed by Lesaka Lesaka 1 CONFIDENTIAL LIST OF ALL TARGET FIRMS PRIMARY TARGET FIRM 3 Muswell Road, Wedgewood Office Block Block E and C Bryanston South Africa OTHER TARGET FIRMS Please refer to Form CC4(2) filed by Adumo Please refer to Form CC4(2) filed by Adumo 2 CONFIDENTIAL TRADE UNION AND/OR EMPLOYEE REPRESENTATIVE DETAILS OF THE PRIMARY ACQUIRING FIRM The employees of the Primary Acquiring Firm are not represented by a trade union. A non-confidential version of the merger notification will be served on the following employee representative of the Primary Acquiring Firm: EMPLOYEE REPRESENTATIVE CONTACT DETAILS Nomaxabiso (Norma) Teyise - Group Email: nomaxabiso.teyise@lesakatech.com Executive Human Capital 3 CONFIDENTIAL TRADE UNION AND/OR EMPLOYEE REPRESENTATIVE DETAILS OF THE TARGET FIRM The employees of the Target Firm are not represented by a trade union. A non-confidential version of the merger notification will be served on the following employee representative of the Target Firm: EMPLOYEE REPRESENTATIVE CONTACT DETAILS Vania Wright Email: vania.wright@adumoonline.com Human Capital Executive, Adumo 4 CONFIDENTIAL SCHEDULE 2 TO THE FORM CC 4(1) FILED BY THE

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