Current Report Filing (8-k)
February 18 2015 - 3:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18,
2015
NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida |
000-31203 |
98-0171860 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
of incorporation) |
File Number) |
Identification No.) |
President Place, 4th Floor, Cnr. Jan
Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive
offices)
(ZIP Code)
Registrants telephone number, including area code:
011-27-11-343-2000
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:
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 7.01 Regulation FD Disclosure.
On February 18, 2015, Net1 issued a press release regarding the
South African Constitutional Courts issuance of further directions related to
the SASSA tender process. A copy of the press release is attached as Exhibit
99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
NET 1 UEPS TECHNOLOGIES, INC.
Date: February 18, 2015 |
By: /s/ Serge Belamant |
|
Dr. Serge C.P.
Belamant |
|
Chief Executive
Officer and Chairman of |
|
the Board
|
Exhibit 99.1
South African Constitutional Court issues further directions
for SASSA tender process
Johannesburg, February 18, 2015 Net 1 UEPS Technologies, Inc.
(the Company) (NasdaqGS: UEPS; JSE: NT1) today provided a further update on
the SASSA tender process.
Further to the directions provided by the South African
Constitutional Court (Court) as described in the Company's press releases
dated February 6 and 11, 2015, SASSA advised the Court on February 13, 2015,
that it was not in a position to file an amended draft Request for Proposal
(RFP) with the Court by February 13, 2015, and asked the Court to grant SASSA
the following order:
|
1. |
SASSA is afforded an extension until May 15, 2015, to
file an amended draft RFP pursuant to the further objections raised by
Cash Paymaster Services (Pty) Ltd (CPS) (a subsidiary of the
Company). |
|
2. |
SASSA is required to circulate the proposed amended RFP
to all the affected parties by May 15, 2015. |
|
3. |
The deadline for the submission of bids is extended to
June 15, 2015. |
|
4. |
Any further and other relief that the Court considers
just and equitable. |
On February 17, 2015, AllPay (a respondent in the current Court
proceedings) gave formal notice to the Court that it intends to oppose the
application brought by SASSA on February 13, 2015, (described above) and awaits
the Courts directions in this regard.
The Court issued the following directions today:
|
1. |
AllPay and CPS are invited, if they are so inclined, to
file affidavits by Friday, February 20, 2015, in response to SASSAs
application for an extension to file an amended draft RFP. |
|
2. |
Further directions may be issued. |
About Net1 (www.net1.com)
Net1 is a leading provider of alternative payment systems that
leverage its Universal Electronic Payment System (UEPS), to facilitate
biometrically secure, real-time electronic transaction processing to unbanked
and under-banked populations of developing economies around the world in an
online or offline environment. Net1's UEPS/EMV solution is interoperable with
global EMV standards that seamlessly permit access to all the UEPS functionality
in a traditional EMV environment. In addition to payments, UEPS can be used for
banking, healthcare management, payroll, remittances, voting and
identification.
Net1 operates market-leading payment processors in South Africa
and the Republic of Korea. In addition, Net1's proprietary MVC technology offers
secure mobile payments and banking services in developed and emerging countries.
Net1 has a primary listing on the NASDAQ and a secondary
listing on the Johannesburg Stock Exchange.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone:
+1-917-767-6722
Email: dchopra@net1.com
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