Lesaka Technologies, Inc. trades shares under new stock tickers

Rhea-AI Summary

Lesaka Technologies, Inc. (NasdaqGS: LSAK; JSE: LSK) has officially commenced trading under its new name and tickers on both the NasdaqGS and Johannesburg Stock Exchange as of May 25, 2022. This change follows shareholder approval on May 6, 2022, and confirmation from the Florida Secretary of State of the amendment to its articles of incorporation. Lesaka aims to enhance financial inclusion in Southern Africa by offering a range of financial services including cash management and lending solutions.

Positive

• The rebranding to Lesaka Technologies, Inc. signals a strategic shift that could attract more investors.
• The company focuses on financial inclusion, aiming to address underserved sectors, potentially expanding its market share.

Negative

• None.

JOHANNESBURG, South Africa, May 25, 2022 (GLOBE NEWSWIRE) -- Lesaka (NasdaqGS: LSAK; JSE: LSK) today announced that it has commenced trading under its new name and tickers on both the NasdaqGS and Johannesburg Stock Exchange.

As reported on May 6, 2022, the Company’s shareholders approved the new name of Lesaka Technologies, Inc. On May 16, 2022, the Florida Secretary of State confirmed the filing of the Company’s amendment to its amended and restated articles of incorporation. The Company has now officially changed its name from Net 1 UEPS Technologies, Inc. to Lesaka Technologies, Inc.

Lesaka now trades under the ticker LSAK on the NasdaqGS and under ticker LSK on the Johannesburg Stock Exchange.

About Lesaka (www.lesakatech.com)

Lesaka Technologies, (Lesaka™) is a South African Fintech company that utilizes its proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. Lesaka’s mission is to drive true financial inclusion for both merchant and consumer markets through offering affordable financial services to previously underserved sectors of the economy. Lesaka offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to formal and informal retail merchants as well as banking, lending, and insurance solutions to consumers across Southern Africa. The Lesaka journey originally began as “Net1” in 1997 and later rebranded to Lesaka (2022). The Connect Group was acquired in 2022. As Lesaka, the business continues to grow its systems and capabilities to deliver meaningful fintech-enabled, innovative solutions for South Africa’s merchant and consumer markets.

Lesaka has a primary listing on NASDAQ (NasdaqGS: LSAK) and a secondary listing on the Johannesburg Stock Exchange (JSE: LSK). Visit www.lesakatech.com for more information about Lesaka Technologies (Lesaka ™).

Investor Relations Contact:
ICR
Email: LesakaIR@icrinc.com

Media Relations Contact:
Janine Bester Gertzen
Email: Janine@thenielsennetwork.com

FAQ

What is the significance of Lesaka's name change to LSAK?

The name change to Lesaka Technologies, Inc. represents a strategic rebranding aimed at enhancing market recognition and investor interest.

When did Lesaka start trading under the ticker LSAK?

Lesaka commenced trading under the ticker LSAK on May 25, 2022.

What is Lesaka's focus in the financial services sector?

Lesaka focuses on driving financial inclusion by offering affordable financial services to both merchants and consumers in Southern Africa.

What are Lesaka's new ticker symbols?

Lesaka trades under LSAK on the NasdaqGS and LSK on the Johannesburg Stock Exchange.