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Net 1 UEPS Technologies Inc (UEPS.OQ)

UEPS.OQ on NASDAQ Stock Exchange Global Select Market

11.37USD
12 Dec 2017
Change (% chg)

$0.62 (+5.77%)
Prev Close
$10.75
Open
$10.81
Day's High
$11.51
Day's Low
$10.81
Volume
186,611
Avg. Vol
67,277
52-wk High
$13.78
52-wk Low
$8.90

Latest Key Developments (Source: Significant Developments)

Net1 Appoints Alex Smith As CFO
Friday, 1 Dec 2017 03:00am EST 

Dec 1 (Reuters) - Net 1 Ueps Technologies Inc ::NET1 APPOINTS ALEX SMITH AS CHIEF FINANCIAL OFFICER.SAYS ‍ALEX REPLACES HERMAN G. KOTZE, WHO WAS APPOINTED AS CHIEF EXECUTIVE OFFICER IN JUNE 2017​.  Full Article

‍Digital Currency Exchange Bitstamp partners with Masterpayment for cryptocurrency purchases
Wednesday, 22 Nov 2017 09:00am EST 

Nov 22 (Reuters) - Net 1 Ueps Technologies Inc :‍Digital Currency Exchange Bitstamp announces Masterpayment as its new partner for credit card processing and acquiring of cryptocurrency purchases​.  Full Article

Net 1 UEPS Technologies reports first quarter 2018 results
Thursday, 9 Nov 2017 04:05pm EST 

Nov 9 (Reuters) - Net 1 Ueps Technologies Inc :Net 1 UEPS Technologies, Inc. reports first quarter 2018 results.Q1 revenue fell 8 percent to $153 million.Net 1 UEPS Technologies Inc - Q1 fundamental EPS of $0.43​.  Full Article

Net 1 UEPS Technologies Q4 GAAP shr $0.20
Thursday, 24 Aug 2017 04:05pm EDT 

Aug 24 (Reuters) - Net 1 UEPS Technologies Inc ::Net 1 UEPS Technologies Inc qtrly GAAP earnings per share $0.20 .Net 1 UEPS Technologies, Inc. Reports fourth quarter and full year 2017 results.Q4 revenue $155 million.Sees fy 2018 earnings per share at least $1.61.  Full Article

Net 1 UEPS Technologies enters into an equity implementation agreement
Monday, 26 Jun 2017 04:28pm EDT 

June 26 (Reuters) - Net 1 UEPS Technologies Inc ::Net 1 UEPS Technologies says on June 19, co through unit entered into an equity implementation agreement with Cell C Proprietary Ltd - SEC filing.Net 1 UEPS Technologies - on June 19, in connection with equity implementation agreement, Net1 SA entered into a subscription agreement with Cell C.Net 1 UEPS Technologies says equity implementation agreement also with 3C Telecommunications Proprietary Limited, certain other Cell C stakeholders.Net 1 UEPS Technologies - pursuant to Cell C subscription agreement, Net1 SA to purchase about 75 million class 'A' shares for purchase price of $155.3 million in cash.Net 1 UEPS Technologies Inc - expects to fund subscription agreement through combination of cash resources and debt facility from South African banks.  Full Article

Net 1 UEPS says would no longer be investing directly in Blue Label Telecoms Ltd‍​
Thursday, 1 Jun 2017 04:05pm EDT 

June 1 (Reuters) - Net 1 Ueps Technologies Inc ‍​:Net 1 ueps technologies inc - ‍net1 board statement on termination of blue label subscription agreement​.Net 1 ueps technologies inc- ‍recently appointed chief executive officer did not unilaterally terminate subscription agreement with blue label​.Net 1 ueps technologies inc- ‍decision not to invest was made by full net1 board before end of may 2017​.  Full Article

Net 1 UEPS Technologies Q3 revenue $147.9 million
Thursday, 4 May 2017 04:05pm EDT 

May 4 (Reuters) - Net 1 UEPS Technologies Inc ::Net 1 UEPS Technologies Inc reports third quarter 2017 results.Q3 revenue $147.9 million.Sees FY 2017 earnings per share at least $1.69.Qtrly GAAP earnings per share $0.34.Qtrly fundamental earnings per share $0.43.Net 1 UEPS Technologies - "we expect to make substantial progress towards completion of a number of investment transactions during last quarter of fiscal 2017".Net 1 UEPS Technologies Inc - reaffirm fundamental earnings per share guidance for fiscal 2017 to be at least $1.69.  Full Article

Net1 appoints Christopher Seabrooke board chairman
Thursday, 6 Apr 2017 04:05pm EDT 

Net 1 UEPS Technologies Inc : Net1: appoints new board chair, plans for further independent directors and appoints media relations agency . Net 1 UEPS Technologies Inc - board of directors has determined to split chairman and chief executive officer roles . Says Christopher Seabrooke appointed chairman of the board . Net 1 UEPS Technologies Inc - Serge Belamant has resigned as chairman but will remain a director . Net 1 UEPS Technologies Inc - in addition, board is actively seeking to appoint additional independent directors . Net 1 UEPS Technologies Inc - board expects that at least one director will be a person designated by international finance corporation . Net 1 UEPS Technologies Inc - Serge Belamant will also remain chief executive officer of company . Net 1 ueps - at such time as additional directors are appointed, board will review composition and chairmanship of all board committees .Net 1 UEPS Technologies Inc - intends to review relevant parts of company's ongoing business strategy and management structure.  Full Article

Net 1 UEPS Technologies cos' South African unit signs addendum to contract with South African Social Security Agency
Friday, 31 Mar 2017 09:45am EDT 

Net 1 Ueps Technologies Inc : Cos' South African unit has signed an addendum to its contract with South African Social Security Agency . Net 1 UEPS Technologies Inc - addendum extends existing contract for a period of 12 months to March 31, 2018 .Net 1 UEPS Technologies Inc - addendum also includes specific terms as ordered by constitutional court of South Africa in its March 17, 2017, ruling.  Full Article

South African Constitutional Court gives order on payment of social welfare grants
Friday, 17 Mar 2017 08:15am EDT 

Net 1 UEPS Technologies Inc : Net 1 UEPS -South African constitutional court gave order regarding continued payment of social grants when current contract between cash paymaster and Sassa expires . Net 1 UEPS -essentially, current contract between cps and sassa has been extended for a further period of 12 months under current contract's terms . Net 1 UEPS -Sassa, cash paymaster to ensure payment of social grants to grant beneficiaries from 1 April until entity other than CPS is able to do so .Net 1 UEPS -declaration of invalidity of contract is further suspended for 12-month period from 1 April 2017.  Full Article

BRIEF-Net1 Appoints Alex Smith As CFO

* SAYS ‍ALEX REPLACES HERMAN G. KOTZE, WHO WAS APPOINTED AS CHIEF EXECUTIVE OFFICER IN JUNE 2017​ Source text for Eikon: Further company coverage: