Brief: Net 1 UEPS Technologies Sees Non-Cash Fair Value Write-Down Of Cell C Investment As Of June 30

Lesaka Technologies

19/09/2019 14:39

Sept 19 (Reuters) - Net 1 UEPS Technologies Inc  UEPS.O :
    * NET1 TO RECORD NON-CASH FAIR VALUE WRITE-DOWN OF CELL C
INVESTMENT AS OF JUNE 30, 2019
    * BELIEVES THAT FAIR VALUE OF CELL C AT JUNE 30, 2019 IS NIL
($0)
    * CELL C IS CURRENTLY ENGAGED IN A COMPREHENSIVE
RESTRUCTURING
PLAN WITH ITS STAKEHOLDERS AND NET1 REMAINS FULLY SUPPORTIVE OF
THIS PROCESS

Source text for Eikon:  ID:nJseS0038a 
Further company coverage:  UEPS.O 

 ((Reuters.Briefs@thomsonreuters.com;))