Value Capital Partners (Pty) Ltd - Nov 23, 2022 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

Role: Director, 10%+ Owner
Signature: /s/ Samuel Sithole
Stock symbol: LSAK
Transactions as of: Nov 23, 2022
Transactions value $: $326,400
Form type: 4
Date filed: 11/28/2022, 04:15 PM
Previous filing: Nov 17, 2022
Next filing: Dec 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSAK	Common stock	Purchase	$326K	+80K	+0.55%	$4.08	14.8M	Nov 23, 2022	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The purchase price for the transaction reported herein was R70.00, or $4.08 based on a conversion rate of 0.058345 USD, which was the currency conversion closing price on the date of transaction. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.
F2	Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Content

The purchase price for the transaction reported herein was R70.00, or $4.08 based on a conversion rate of 0.058345 USD, which was the currency conversion closing price on the date of transaction. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.