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Net 1 UEPS enters stock purchase agreements

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Net 1 UEPS enters stock purchase agreements

Net 1 UEPSTechnologies Inc. entered into stock purchase agreements with N2Partners Ltd. and Draper Gain Investments Ltd. to sell 2.5 million of its commonshares to each investor at $9.00 per share, for gross proceeds of $45.0 million.

The transactions are scheduled to close on or about Nov. 9.

Under the agreements, N2 Partners and Draper GainInvestments will be restricted from selling or otherwise disposing of thepurchased shares for six months after the date of issuance.