BRIEF-Lesaka To Acquire Leading Payment Platform Adumo Welcoming New Shareholders APIS And ARC-March 2024-www.financetom.com

BRIEF-Lesaka To Acquire Leading Payment Platform Adumo Welcoming New Shareholders APIS And ARC

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BRIEF-Lesaka To Acquire Leading Payment Platform Adumo Welcoming New Shareholders APIS And ARC

May 7, 2024 2:54 PM

May 7 (Reuters) - Lesaka Technologies Inc ( LSAK ):

* LESAKA TO ACQUIRE LEADING PAYMENT PLATFORM ADUMO WELCOMING

NEW

SHAREHOLDERS APIS AND ARC

* LESAKA TECHNOLOGIES INC ( LSAK ) - PROPOSED DEAL FOR ZAR 1.59

BILLION

* LESAKA TECHNOLOGIES-DEAL PRICE TO BE SETTLED THROUGH

ISSUANCE OF

17.3 MILLION SHARES OF CO'S COMMON STOCK TO ADUMO'S SHAREHOLDERS

PLUS ZAR 232 MILLION IN CASH

* LESAKA TECHNOLOGIES INC ( LSAK ) - PURCHASE CONSIDERATION FUNDED

INTERNAL CASH RESOURCES AND EXTERNAL FINANCING

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