IFC Amends Lesaka Technologies Stake Filing

TL;DR

IFC updated its Lesaka stake filing - ownership changes incoming.

AI Summary

International Finance Corp (IFC) has filed an amendment (No. 3) to its Schedule 13D for Lesaka Technologies Inc. on December 4, 2024. The filing indicates changes in beneficial ownership, though specific new dollar amounts or percentage changes are not detailed in this excerpt. The filing relates to Lesaka Technologies Inc., formerly known as NET 1 UEPS TECHNOLOGIES INC.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of a significant institutional investor in Lesaka Technologies, which could influence market perception and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts by major investors, potentially impacting stock price and requiring further investigation.

Key Players & Entities

• International Finance Corp (company) — Filing entity
• Lesaka Technologies Inc (company) — Subject company
• NET 1 UEPS TECHNOLOGIES INC (company) — Former name of subject company
• IFC AFRICAN, LATIN AMERICAN & CARIBBEAN FUND (GP) LLC (company) — Group member
• IFC AFRICAN, LATIN AMERICAN & CARIBBEAN FUND, LP (ALAC) (company) — Group member
• IFC FIG FUND (GP), LLP (company) — Group member
• IFC FINANCIAL INSTITUTIONS GROWTH FUND, LP (FIG) (company) — Group member

FAQ

Key Financial Figures

• $0.001 — Inc (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
• $4.79 — k on the Johannesburg Stock Exchange of $4.79 per share (using the October 1, 2024 cl
• $1 — ctober 1, 2024 closing exchange rate of $1 = ZAR 17.34). On October 2, 2024, as

Filing Documents

• d691872dsc13da.htm (SC 13D/A) — 92KB
• 0001193125-24-270930.txt ( ) — 94KB

is hereby amended as follows

Item 2 is hereby amended as follows: International Finance Corporation ( IFC ) acquired 1,004,623 shares of Common Stock of the Issuer as a result of the Issuers acquisition of Adumo (RF) Proprietary Limited and its subsdiaries (the Adumo Group) . IFC Financial Institutions Growth Fund, LP ( FIG ) acquired 984,539 shares of Common Stock of the Issuer as a result of the Issuers acquisition of the Adumo Group. . Item3. Source and Amount of Funds or Other Consideration.

is hereby amended as follows

Item 3 is hereby amended as follows: We incorporate by reference Item 5(c) below. Item5. Interest in Securities of the Issuer.

(a) is hereby amended and restated to read as follows

Item 5(a) is hereby amended and restated to read as follows: a) The aggregate percentage of Common Stock reported to be beneficially owned by the Reporting Persons is based upon 78,018,643 shares outstanding as of November 4, 2022, as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2024.

(c) is hereby amended as follows

Item 5(c) is hereby amended as follows: (c) On October 2, 2024, as consideration for the sale of the Adumo Group, in which IFC is an indirect shareholder, to an affiliate of the Issuer, IFC received 1,004,623 shares of Common Stock of the Issuer valued at the October 1, 2024 closing price of the Issuers shares of Common Stock on the Johannesburg Stock Exchange of $4.79 per share (using the October 1, 2024 closing exchange rate of $1 = ZAR 17.34). On October 2, 2024, as consideration for the sale of the Adumo Group, in which FIG is an indirect shareholder, to an affiliate of the Issuer, FIG received 984,539 shares of Common Stock of the Issuer valued at the October 1, 2024 closing price of the Issuers shares of Common Stock on the Johannesburg Stock Exchange of $4.79 per share (using the October 1, 2024 closing exchange rate of $1 = ZAR 17.34). Name of Reporting Person Purchase Date Number of Shares Purchased Purchase Price International Finance Corporation 10/01/2024 1,004,623 $ 4,812,922.70 IFC Financial Institutions Growth Fund, LP 10/01/2024 984,539 $ 4,716,704.77 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 4, 2024 International Finance Corporation By: /s/ Andi Dervishi Name: Andi Dervishi Title: Head, Global Fintech Investments IFC African, Latin America and Caribbean Fund, LP By: IFC African, Latin America and Caribbean Fund (GP) LLC By: IFC Asset Management Company, a department of IFC, its designated member By: /s/ Selena Baxa Name: Selena Baxa Title: Fund Head IFC African, Latin America and Caribbean Fund (GP) LLC By: IFC Asset Management Company, a department of IFC, its designated member By: /s/ Selena Baxa Name: Selena Baxa Title: Fund Head IFC Financial Institutions Growth Fund, LP By: IFC FIG (GP), LLP By: IFC Asset Management Company, a depa

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