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Lesaka Technologies Calls Special Shareholder Meeting for Key Strategic Decisions

  • Lesaka Technologies, Inc. plans a special meeting to approve stock options for its Executive Chairman and amend its Stock Incentive Plan.
  • Shareholder approval is crucial for these strategic decisions, reflecting Lesaka's commitment to transparency and corporate governance principles.
  • The company's mission of financial inclusion, dual listings on Nasdaq and JSE, and proactive investor relations highlight its growth trajectory.

Lesaka Technologies, Inc. is gearing up for a significant event in its corporate calendar—the special meeting of shareholders scheduled for June 3, 2024. This meeting holds paramount importance as it involves critical decisions regarding stock options for its Executive Chairman and an amendment to its Stock Incentive Plan. Let’s delve deeper into the details and implications of these developments.

Key Meeting Agenda

The special meeting aims to address two key agenda items:

  1. Stock Options Award
    Lesaka plans to award stock options to its Executive Chairman, a strategic move aimed at aligning the interests of key executives with the company’s long-term growth objectives. Stock options serve as a powerful incentive tool, motivating leaders to drive performance and create shareholder value.
  2. Amendment to Stock Incentive Plan
    The proposed amendment to the Stock Incentive Plan signifies Lesaka’s commitment to optimizing its compensation structure. This amendment may include adjustments to vesting schedules, exercise prices, or other terms, ensuring that the incentive plan remains competitive and effective in attracting and retaining top talent.

Importance of Shareholder Approval

Shareholder approval is crucial for both the stock options award and the amendment to the Stock Incentive Plan. It reflects Lesaka’s adherence to corporate governance principles and transparency in decision-making. Shareholders, as owners of the company, play a vital role in endorsing strategic initiatives that impact the company’s future trajectory.

Corporate Action Timeline

A well-defined corporate action timeline is in place, adhering to regulatory requirements set by both the Nasdaq Global Select Market (NasdaqGS) and the Johannesburg Stock Exchange (JSE). This timeline ensures a structured and transparent process leading up to the special meeting.

Let’s take a closer look at the timeline milestones:

ActionNasdaq DeadlineJSE Deadline
Last day to trade for eligibilityApril 5, 2024April 3, 2024
Record date for shareholder entitlementApril 8, 2024April 8, 2024
Preliminary proxy materials filedApril 12, 2024N/A
Written confirmations to JSE sponsorN/AApril 12, 2024
Final proxy materials filed/submittedApril 22, 2024April 22, 2024
Notice of internet availability mailedApril 22, 2024April 22, 2024
Deadline for South African shareholder proxiesN/AMay 30, 2024
Special meeting dateJune 3, 2024June 3, 2024

Lesaka’s Financial Inclusion Mission

Beyond the corporate formalities, Lesaka Technologies is driven by a broader mission—to foster financial inclusion in Southern Africa. The company leverages its proprietary banking and payment technologies to deliver affordable financial services to both merchants (B2B) and consumers (B2C).


Lesaka Technologies’ upcoming special meeting underscores its commitment to strategic governance, shareholder engagement, and financial inclusion. By aligning executive incentives, refining its incentive plans, and fostering a conducive investor environment, Lesaka paves the way for sustained growth and value creation. As the company navigates this pivotal phase, stakeholders can anticipate positive outcomes that contribute to Lesaka’s mission of driving financial inclusion and empowerment across Southern Africa.



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