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Net 1 UEPS Technologies, Inc. Buyback

OLI recorded this information on 6/29/2016

Company: Net 1 UEPS Technologies, Inc.
Buyback: UEPS buyback
$Amount Authorized: $50,000,000
Buyback Details: Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it has adopted a Rule 10b5-1 plan (the "Plan") for the purpose of repurchasing approximately $50 million of its common stock. The Plan has been established in connection with the $100 million share repurchase program that was previously announced on February 4, 2016.

Net 1 UEPS Technologies is a provider of financial technology products and services to unbanked and underbanked individuals and small businesses in South Africa. Co. has developed and owns most of its payment technologies, and where possible, utilizes this technology to provide financial services to its customers by including them into the formal financial system. Co.'s main technologies use biometric authentication, last-mile distribution, and cash handling/distribution to enable payments, while EasyPay is a transaction switch and bill payments platform. Co. also owns and operates POS and ATM networks.
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Company Name:  Lesaka Technologies Inc
Stock buyback:  UEPS buyback
Website:  www.net1.com
Sector:  Application Software
 

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March 28, 2024    6:55 PM Eastern
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Strong Buy (4.00 out of 4)
10th percentile
(ranked lower than approx. 90% of all stocks covered)

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