Value Capital Partners (Pty) Ltd - Mar 30, 2023 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

Role: Director, 10%+ Owner
Signature: /s/ Samuel Sithole
Stock symbol: LSAK
Transactions as of: Mar 30, 2023
Transactions value $: $292,652
Form type: 4
Date filed: 4/3/2023, 09:36 PM
Previous filing: Mar 30, 2023
Next filing: May 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSAK	Common stock	Purchase	$8.66K	+1.93K	+0.01%	$4.50	15.4M	Mar 30, 2023	See Footnote	F1
transaction	LSAK	Common stock	Purchase	$284K	+59.4K	+0.39%	$4.78	15.5M	Mar 31, 2023	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	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 of common stock (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.
F2	The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.60 and $4.85. Full information regarding the Shares of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

Content

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 of common stock (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.

The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.60 and $4.85. Full information regarding the Shares of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.