Net1 sells 8% of DNI to RMB for ZAR 215 million; Company settles long term debt in full
Net 1 UEPS Technologies, Inc. (UEPS)
Last net 1 ueps technologies, inc. earnings: 2/6 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.net1.com
Company Research
Source: GlobeNewswire
JOHANNESBURG, South Africa, May 07, 2019 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) today announced that it has, through its wholly owned subsidiary, Net1 Applied Technologies South Africa Proprietary Limited (“Net1 SA”), entered into a transaction with FirstRand Bank Limited, acting through its Rand Merchant Bank division (“RMB”), in terms of which Net1 SA further reduced its shareholding in DNI-4PL Contracts Proprietary Limited (“DNI”) from 38% to 30.4% for a transaction consideration of ZAR 215 million ($14.9 million). Net1 SA used the proceeds from the sale plus ZAR 15 million ($1.0 million) of its cash reserves to early-settle its outstanding long-term borrowings of ZAR 230 million in full on May 3, 2019. “This transaction further allows us to deleverage our balance sheet, free up our cash reserves and further shows our commitment of divesting non-strategic assets and to focus on our core fintech businesses and markets,” said Herman G. Kotzé, N
Show less
Read more
Impact Snapshot
Event Time:
UEPS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UEPS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UEPS alerts
High impacting Net 1 UEPS Technologies, Inc. news events
Weekly update
A roundup of the hottest topics