Net1 Signs Agreements for BEE Transactions
December 10, 2013 at 16:05 PM EST
Net 1 UEPS Technologies (NASDAQ: UEPS ) today announced that it has signed Relationship Agreements with its BEE partners for the issuance of 4,400,000 shares ("BEE Shares"), which will be partially restricted as to resale for a period of five years. In terms of the agreements, Net1 will issue