Articles from Lesaka Technologies | lodinews.com
Lesaka and Bank Zero Merge Ambitions in Landmark Transaction
JOHANNESBURG, June 26, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or “the group”) today announced that its wholly-owned subsidiary, Lesaka Technologies Proprietary Limited, has entered into an agreement to acquire (directly and indirectly) 100% of the issued ordinary shares of Bank Zero Mutual Bank (“Bank Zero”). The acquisition consideration will be settled through a combination of newly issued shares - such that the shareholders of Bank Zero will own approximately 12% of Lesaka’s fully diluted shares at the time of completion of the proposed transaction - and up to ZAR 91 million ($5.1 million) in cash. All amounts translated at the closing rate of $1: ZAR 17.75 as of June 25, 2025.
JOHANNESBURG, May 07, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter of fiscal 2025 (“Q3 2025”).
Lesaka to Host Webcast to Review Third Quarter 2025 Results
JOHANNESBURG, April 08, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK) ("Lesaka" or the "Company") today announced it will release third quarter 2025 results after the U.S. market close on May 7, 2025. Lesaka management will host a presentation webcast on May 8, 2025, on at 8:00am EDT (2:00pm SAST), followed by a live question and answer session for analysts and investors.
Lesaka – Availability of materials for March 31, 2025 Investor Day
JOHANNESBURG, March 28, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK) ("Lesaka" or the "Company") today announced that it has made four presentations available on its investor relations website to provide more in-depth information on the Company ahead of its upcoming Investor Day on March 31, 2025 at 9:00am EDT (3:00pm SAST).
Lesaka completes the acquisition of Recharger
JOHANNESBURG, March 05, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced the completion of the acquisition of Recharger (Pty) Ltd (“Recharger”) on March 3, 2025. The purchase consideration of ZAR 507 million ($27 million) comprises ZAR 332 million ($18 million) in cash and ZAR 175 million ($9 million) in shares of Lesaka common stock, to be settled in two tranches. Lesaka extended a ZAR 43 million ($2 million) loan to Recharger at closing which was exclusively used to repay an existing loan due by Recharger to the seller.
Lesaka to Host an Investor Day on March 31, 2025
JOHANNESBURG, March 03, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that the Company will host an Investor Day on March 31, 2025 at 9:00am EDT. The event will feature presentations from the senior leadership of Lesaka, who will provide an overview of the Company’s strategic vision, positioning and market opportunities as well as a more detailed description of its go-to-market strategies and solutions across its Consumer, Merchant and Enterprise divisions. Lesaka’s Management will also provide a brief overview of the Company’s financial performance and current outlook and host a live Question and Answer session for analysts and investors.
JOHANNESBURG, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter of fiscal 2025 (“Q2 2025”).
Lesaka to Host Webcast and Conference Call to Review Second Quarter 2025 Results
JOHANNESBURG, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release second quarter 2025 results after the U.S. market close on February 5, 2025. Lesaka management will host a presentation webcast and conference call on February 6, 2025, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results.
JOHANNESBURG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding ordinary shares of Recharger (Pty) Ltd (“Recharger”), a South African prepaid electricity submetering and payments business.
Lesaka gets green light to launch Employee Share Ownership Plan
JOHANNESBURG, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) shareholders voted on and approved the funding and issuance of shares to the Lesaka ESOP Trust at its annual general meeting.
JOHANNESBURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter of fiscal 2025 (“Q1 2025”).
Lesaka to Host Webcast and Conference Call to Review First Quarter 2025 Results
JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release first quarter 2025 results after the U.S. market close on November 6, 2024. Lesaka management will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results.
JOHANNESBURG, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced it has completed its acquisition of Adumo RF (Pty) Ltd (“Adumo”). The transaction was settled through the issuance of 17,279,803 shares of Lesaka’s common stock and a cash payment ZAR 232.2 million ($13.4 million), implying a total purchase consideration of ZAR 1.67 billion ($96.2 million) using Lesaka’s October 1, 2024, closing price on the Johannesburg Stock Exchange of ZAR 83.05 per share. All amounts in this release have been translated to U.S. dollars at the October 1, 2024, closing exchange rate of $1: ZAR 17.34.
JOHANNESBURG, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the fourth quarter (“Q4 2024”) and year ended June 30, 2024 (“FY 2024”).
Lesaka Technologies Announces Leadership Changes as it Strengthens Executive Management Team
JOHANNESBURG, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced changes to augment its executive leadership team to align with the Company’s ambitious growth targets. These changes represent a significant step forward as Lesaka positions itself as a natural consolidator and leading fintech in Southern Africa.
Lesaka to Host Webcast and Conference Call to Review Q4 and FY 2024 Results on September 12, 2024
JOHANNESBURG, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it now intends to release its fourth quarter and year end June 2024 results on September 11, 2024, after markets close, in line with its Q4 and FY 2023 reporting timeframes.
Lesaka to Host Webcast and Conference Call to Review Fourth Quarter and Year-End 2024 Results
JOHANNESBURG, July 18, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release fourth quarter and year-end 2024 results after the U.S. market close on September 4, 2024. Lesaka management will host a presentation webcast and conference call on September 5, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa Standard Time (“SAST”), to review these results.
Lesaka Q3 2024 Results: Lesaka continues to deliver improved profitability
JOHANNESBURG, South Africa, May 08, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter ended March 31, 2024 (“Q3 2024”).
Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC
JOHANNESBURG, South Africa, May 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka”) has signed a definitive agreement to acquire Adumo RF (Pty) Ltd (“Adumo”) for ZAR 1.59 billion ($85.9 million translated at the prevailing rate $1: ZAR 18.50 as of May 7, 2024). The transaction is subject to shareholder and regulatory approvals. The purchase consideration1 will be settled through the combination of an issuance of 17,279,803 shares of Lesaka common stock to Adumo’s current ultimate shareholders plus ZAR 232 million ($12.5 million) in cash, funded by internal cash resources and external financing. Adumo’s ultimate shareholders include Apis Growth Fund I, a private equity fund managed by Apis Partners LLP (“Apis”), African Rainbow Capital (“ARC”), the largest shareholder of Crossfin Holdings (RF) Pty Ltd (“Crossfin”), as well as the International Finance Corporation and Adumo management.
Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 Results
JOHANNESBURG, South Africa, March 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release third quarter 2024 results after the U.S. market close on May 8, 2024. Lesaka management will host a presentation webcast and conference call on May 9, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa Standard Time (“SAST”), to review these results.
Lesaka to Participate at Citi's 2024 Emerging Markets FinTech Forum
JOHANNESBURG, South Africa, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that Naeem Kola, Group CFO, will participate in Citi's Emerging Markets FinTech Forum taking place virtually on March 7 and 8, 2024.
Lesaka delivers improved profitability as it exceeds FY24 Q2 guidance
JOHANNESBURG, South Africa, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2023 (“Q2 2024”).
JOHANNESBURG, South Africa, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today announced that it has signed a definitive agreement to acquire 100% of Touchsides (Pty) Ltd (“Touchsides”), a leading data analytics and, insights and merchant services company, from Heineken International B.V. The Touchsides and Kazang businesses are highly complementary, and the acquisition is expected to significantly expand Kazang’s footprint in the tavern industry in South Africa’s informal market.
Lesaka to Host Webcast and Conference Call to Review Second Quarter 2024 Results
JOHANNESBURG, South Africa, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release second quarter 2024 results after the U.S. market close on February 6, 2024. Lesaka management will host a presentation webcast and conference call on February 7, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results.
JOHANNESBURG, South Africa, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today announced that Chris Meyer will conclude his tenure as Lesaka Group CEO on February 29, 2024. During his nearly three years as Group CEO, Chris has led the successful turnaround and building of the Lesaka fintech platform. Chris will remain a director of Lesaka.
Lesaka continues strong growth trajectory and achieves upper end of revenue guidance
JOHANNESBURG, South Africa, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter ended September 30, 2023 (“Q1 2024”).
Lesaka to Host Webcast and Conference Call to Review First Quarter 2024 Results
JOHANNESBURG, South Africa, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release first quarter 2024 results after the U.S. market close on November 7, 2023. Lesaka management will host a presentation webcast and conference call on November 8, 2023, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results.
Lesaka to Host Webcast and Conference Call to Review Fourth Quarter and Year-End 2023 Results
JOHANNESBURG, South Africa, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release fourth quarter and year-end 2023 results after the U.S. market close on September 12, 2023. Lesaka management will host a presentation webcast and conference call on September 13, 2023, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa Standard Time (“SAST”) to review these results.
Lesaka Announces the Repurchase of Common Shares
JOHANNESBURG, South Africa, May 18, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it has repurchased approximately 250,000 of the Company’s common shares in May 2023, at a price of $3.26 per share (ZAR 62.08 per share using the relevant USD: ZAR exchange rate).
JOHANNESBURG, South Africa, May 09, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter ended March 31, 2023 (“Q3 2023”).
Lesaka to Host Webcast and Conference Call to Review Third Quarter 2023 Results
JOHANNESBURG, April 11, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release third quarter 2023 results after the U.S. market close on May 9, 2023. Lesaka management will host a presentation webcast and conference call on May 10, 2023, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa Standard Time (“SAST”) to review these results.
Lesaka Reports Second Quarter 2023 Results and Outperforms the Upper End of Guidance
JOHANNESBURG, South Africa, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2022 (“Q2 2023”).
Lesaka announces departure of Alex Smith, Chief Accounting Officer
JOHANNESBURG, South Africa, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that Mr. Alex M.R. Smith is leaving the Company to pursue other opportunities. Mr. Smith’s last day of employment will be March 01, 2023. During this notice period, Mr. Smith will assist the Company in consolidating the roles and responsibilities of Chief Accounting Officer (“CAO”) into the ambit of Lesaka’s highly experienced Finance team.
