Brief: Net1 Cancels The Exercise Of Its Option To Acquire A Further 35% Of Bank Frick

Lesaka Technologies

15/04/2020 12:51

April 15 (Reuters) - Net 1 UEPS Technologies Inc  UEPS.O :
    * NET1 CANCELS THE EXERCISE OF ITS OPTION TO ACQUIRE A
FURTHER 35%
OF BANK FRICK
    * NET 1 UEPS TECHNOLOGIES INC - AGREED TO PAY KFS AN OPTION
TERMINATION FEE OF CHF 17 MILLION AND INTENDS TO RETAIN ITS
REMAINING 35% INTEREST
    * NET 1 UEPS TECHNOLOGIES - CANCELLED EXERCISE OF OPTION TO
ACQUIRE ADDITIONAL INTEREST IN BANK FRICK TO MAINTAIN LIQUIDITY
    * NET 1 UEPS TECHNOLOGIES - CANCELLED EXERCISE OF OPTION TO
ACQUIRE ADDITIONAL INTEREST IN BANK FRICK TO FOCUS ON
OPPORTUNITIES IN SOUTH AFRICA, AFRICA

Source text for Eikon:  ID:nGNX27xpB1 
Further company coverage:  UEPS.O 

 (Reuters.Briefs@thomsonreuters.com)