Lesaka Technologies Files Proxy Materials

TL;DR

Lesaka Tech (formerly Net 1) filed proxy docs. Watch for shareholder votes.

AI Summary

Lesaka Technologies, Inc. filed a Definitive Additional Materials (DEFA14A) on October 4, 2024. This filing relates to proxy materials and is an amendment to previous filings. The company, formerly known as NET 1 UEPS TECHNOLOGIES INC, is based in Rosebank, Johannesburg.

Why It Matters

This filing indicates Lesaka Technologies is proceeding with corporate actions requiring shareholder approval or notification, which could impact the company's governance and future strategic direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not inherently indicate new risks, but rather procedural corporate actions.

Key Players & Entities

• Lesaka Technologies, Inc. (company) — Registrant
• NET 1 UEPS TECHNOLOGIES INC (company) — Former company name
• newsfilecorp.com (company) — Filer

FAQ

Key Financial Figures

• $100 — EO NEOs (3)(7) Value of initial fixed $100 investment based on: Net loss $ '000
• $17,440 — $ 1,298,856 $ 1,347,237 $ 99 ($17,440 ) 690,943 2023 $ 1,432,860 N/A
• $35,074 — $ 1,283,723 $ 925,470 $ 81 ($35,074 ) 445,450 2022 $ 3,978,441 N/A
• $43,876 — A $ 873,407 $ 773,282 $ 109 ($43,876 ) (327,816 ) Additional Informati

Filing Documents

• formdefa14a.htm (DEFA14A) — 21KB
• 0001062993-24-017417.txt ( ) — 22KB

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 (Amendment No. ) Filed by the Registrant [X] 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 [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to 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): [X] 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 Lesaka Technologies, Inc. Supplement to Proxy Statement For 2024 Annual Meeting of Shareholders To Be Held on November 14, 2024 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. Year Summary compensation table total for first PEO (1)(5) Summary compensation table total for second PEO (2)(4) Compensation actually paid to first PEO (1) (5) Compensation actually paid to second PEO (2) (5) Average summary compensation table total for non- PEO NEOs (3)(6) Average compensation actually paid to non- PEO NEOs (3)(7) Value of initial fixed $100 investment based on: Net loss $ '000 Group Adjusted EBITDA ZAR '000 (9) Total shareholder return(8) 2024 $ 1,244,097 $ 5,709,225 $ 1,386,802 $ 6,371,525 $ 1,298,856 $ 1,347,237 $ 99 ($17,440 ) 690,943 2023 $ 1,432,860 N/A $ 833,154 N/A $ 1,283,723 $ 925,470 $ 81 ($35,074 ) 445,450 2022 $ 3,978,441 N/A $ 3,996,918 N/A $ 873,407 $ 773,282 $ 109 ($43,876 ) (327,816 ) Additional Information 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. 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." 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.

View Full Filing

View this DEFA14A filing on SEC EDGAR