Current Report Filing (8-k)
11 Dezember 2012 - 10:41PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December
11, 2012
NET 1 UEPS TECHNOLOGIES,
INC.
(Exact name of registrant as specified in its
charter)
Florida
|
000-31203
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98-0171860
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(State or other jurisdiction
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(Commission
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(IRS Employer
|
of incorporation)
|
File Number)
|
Identification No.)
|
President Place, 4
th
Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South
Africa
(Address of principal executive offices) (ZIP Code)
Registrants telephone number, including area code:
011-27-11-343-2000
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 8.01. Other Events.
On December 11, 2012, Net 1 UEPS Technologies, Inc. (Net 1)
commenced a lawsuit in the South Gauteng High Court in South Africa against
AllPay Consolidated Investment Holdings (Pty) Ltd (AllPay). In its lawsuit,
Net 1 has alleged that AllPay, wrongfully and unlawfully and with the intention
of injuring Net 1s reputation, infringing Net 1s and its subsidiaries goodwill and reducing Net 1s share price, competed unlawfully with Net 1, by
-
directly or indirectly making false reports and providing false information
to members of the South African media which AllPay orchestrated thereby
creating the basis for false media reports which alleged or implied that the
SASSA tender process was tainted by corruption through bribes by or on behalf
of Net 1s subsidiary, Cash Paymaster Services (CPS);
-
introducing the media reports and allegations of corruption by or on behalf
of Net 1 in connection with the SASSA tender process into the court
proceedings in South Africa instituted by AllPay which sought to set aside the
award of the tender to CPS;
-
causing an unfounded report to be made to the Johannesburg Stock Exchange
(JSE) regarding disclosure that Net 1 made in relation to the SASSA
contract;
-
making a report to the U.S. Department of Justice (DOJ) bringing to the
attention of the DOJ the corruption allegations and the South African media
reports and repeating the allegations made in the report to the JSE; and
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falsely seeking to create the impression in media reports and radio
interviews that it had been found in the South African court proceedings
described above that the tender process was tainted by corruption.
In the lawsuit, Net 1 is seeking damages in the aggregate
amount of ZAR 478 million (approximately US$55 million based on the ZAR/US
dollar exchange rate on December 11, 2012) plus interest and costs.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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NET 1 UEPS TECHNOLOGIES, INC.
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|
|
|
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Date: December 11, 2012
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By:
/s/ Serge Belamant
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Dr.
Serge C.P. Belamant
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Chief
Executive Officer and Chairman of
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the
Board
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