Wrap Text
Results of Lesaka August 3, 2026 Special Meeting of Shareholders
Lesaka Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSK
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
("Lesaka," or the "Company")
Results of Lesaka August 3, 2026 Special Meeting of Shareholders
Option award to Ali Mazanderani
On August 3, 2026, at a special meeting of shareholders (the "Special Meeting") of Lesaka, the shareholders of the Company
approved the grant of a stock option ("Option Award") to Mr. Ali Mazanderani, the Company's Executive Chairman, pursuant
to a stock option agreement, as further described in the Company's definitive proxy statement for the Special Meeting filed
with the Securities and Exchange Commission on July 2, 2026 (the "2026 Proxy Statement").
Below is an overview of the Option Award.
Award Terms Details
Option Award 1,000,000 share options.
Equity Type Options to acquire common stock.
Exercise Price 1,000,000 share options at an exercise price of US$5.00 per share.
Exercise Date Mr. Mazanderani may only exercise the vested Option Award after April 1, 2029.
Expiration Date April 1, 2030.
Employment Requirement The Option Award will vest on April 1, 2028, subject to Mr. Mazanderani's continuous
employment through this date.
Termination of Employment No acceleration of vesting upon termination of employment, death or disability.
Change in Control No automatic acceleration of vesting upon a change in control of our company.
Exercise Methods:
1. Cash: exercise price is paid in cash upon exercise of options.
2. Offset: if acceptable to us, through an offset against amounts owed by us to Mr.
Mazanderani.
3. Tender of Stock: by tender to us of shares held by Mr. Mazanderani, including
shares deliverable upon exercise of the Option Award.
Exercise Methods 4. Broker-Assisted Cashless Exercise.
5. Net Exercise: via the exercise of all or any vested portion of the Option Award
without payment of the Exercise Price in cash, pursuant to which we will issue
to Mr. Mazanderani a number of whole Shares determined in accordance with
an agreed formula per the Option Agreement.
6. By any other means acceptable to us.
7. A combination of the foregoing.
Clawback The Option Award is subject to our clawback policy, as in effect from time to time.
The Option Award was previously approved, subject to shareholder approval, by the Board. The summary of the Option
Award contained herein is qualified by and subject to the full text of the Option Award, which was included as Appendix A to
the 2026 Proxy Statement and is attached as Exhibit 10.1 to the Company's Form 8-K filed with the United States Securities
and Exchange Commission on August 3, 2026.
The following is a summary of the voting results for the proposal presented to shareholders at the Special Meeting held on
August 3, 2026.
Proposal No. 1—To approve, for purposes of complying with Nasdaq Listing Rule 5635(c), the grant of a share
option to Mr. Ali Mazanderani, our Executive Chairman, pursuant to a share option agreement
The grant of the Option Award was approved and the votes cast were as follows:
Votes cast
For Against Abstain
38,334,363 1,241,298 7,796,947
About Lesaka Technologies, Inc. (www.lesakatech.com)
Lesaka operates a South African fintech company driven by a purpose to provide financial services, software and other
business services to Southern Africa's underserviced consumers and merchants. We offer an integrated and holistic
multiproduct platform that provides transactional accounts, lending, insurance, merchant acquiring, cash management,
software and Alternative Digital Products ("ADP"). We provide targeted solutions and integrations to facilitate payments
between consumers, merchants, and enterprises. By providing a full-service fintech platform in our connected ecosystem,
we facilitate the digitization of commerce in our markets.
Lesaka has a primary listing on NASDAQ (NASDAQ:LSAK) and a secondary listing on the Johannesburg Stock Exchange
(JSE: LSK). Visit www.lesakatech.com for additional information about Lesaka.
Investor Relations and Media Relations Contacts:
Idris Dungarwalla
Email: idris.dungarwalla@lesakatech.com
Mobile: +44 786 225 4852
Akash Dowra
Email: akash.dowra@lesakatech.com
Mobile: +27 83 235 9750
Media Relations Contact:
Ian Harrison
Email: Ian@thenielsennetwork.com
Johannesburg
August 3, 2026
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 03-08-2026 04:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
