Large owner International Finance Corp sold $13,397,469 worth of shares (2,628,658 units at $5.10) and acquired $9,528,086 worth of shares (1,989,162 units at $4.79), increasing direct ownership by 18% to 3,271,862 units (SEC Form 4)
$LSAK
Investment Bankers/Brokers/Service
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LESAKA TECHNOLOGIES INC [ LSAK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/30/2017 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 10/30/2017 | S | 20,545 | D | $9.04 | 2,761,070 | D | |||
| Common Stock | 10/31/2017 | S | 21,100 | D | $9.1 | 2,739,970 | D | |||
| Common Stock | 11/01/2017 | S | 10,700 | D | $9.09 | 2,729,270 | D | |||
| Common Stock | 11/02/2017 | S | 11,918 | D | $9.07 | 2,717,352 | D | |||
| Common Stock | 11/03/2017 | S | 27,265 | D | $9.05 | 2,690,087 | D | |||
| Common Stock | 11/06/2017 | S | 14,900 | D | $8.96 | 2,675,187 | D | |||
| Common Stock | 11/07/2017 | S | 28,400 | D | $9.14 | 2,646,787 | D | |||
| Common Stock | 11/08/2017 | S | 20,701 | D | $9.19 | 2,626,086 | D | |||
| Common Stock | 11/09/2017 | S | 19,760 | D | $9.24 | 2,606,326 | D | |||
| Common Stock | 11/10/2017 | S | 85,036 | D | $9.74 | 2,521,290 | D | |||
| Common Stock | 11/13/2017 | S | 14,700 | D | $9.64 | 2,506,590 | D | |||
| Common Stock | 11/13/2017 | S | 50,000 | D | $9.63 | 2,456,590 | D | |||
| Common Stock | 11/14/2017 | S | 48,400 | D | $9.5 | 2,408,190 | D | |||
| Common Stock | 11/15/2017 | S | 51,900 | D | $9.48 | 2,356,290 | D | |||
| Common Stock | 11/16/2017 | S | 26,731 | D | $9.53 | 2,329,559 | D | |||
| Common Stock | 02/07/2018 | S | 42,100 | D | $10.83 | 2,287,459 | D | |||
| Common Stock | 02/08/2018 | S | 20,220 | D | $11.06 | 2,267,239 | D | |||
| Common Stock | 05/19/2020 | S | 2,103,069 | D | $4(1) | 5,099,627 | I | See footnote(2)(3) | ||
| Common Stock | 10/02/2024 | J(4) | 1,004,623 | A | $4.79 | 3,271,862 | D | |||
| Common Stock | 10/02/2024 | J(5) | 984,539 | A | $4.79 | 6,084,166 | I | See footnote(2)(3) | ||
| Common Stock | 12/17/2025 | S | 100(6) | D | $4.33 | 6,084,066 | I | See footnote(2)(3) | ||
| Common Stock | 03/04/2026 | S | 6,823(7) | D | $4.65 | 6,077,243 | I | See footnote(2)(3) | ||
| Common Stock | 03/05/2026 | S | 4,290(8) | D | $4.59 | 6,034,293 | I | See footnote(2)(3) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. On May 19, 2020, Africa Capitalization Fund Ltd. ("AFCAP") a Mauritius limited company primarily engaged in the business of investing in securities disposed of 2,103,069 shares of Common Stock for an aggregate sale price of $8,412,276, representing an approximate price of $4.00 per share. |
| 2. The Reporting Person may be deemed to beneficially own shares of Common Stock held indirectly through three funds managed by the Reporting Person that invests third party capital in conjunction with the Reporting Person's investments: (a) IFC African, Latin American and Caribbean Fund, LP ("ALAC"), a United Kingdom limited partnership, of which IFC African, Latin American and Caribbean Fund (GP) LLC, a Delaware limited liability company, serves as general partner; (b) IFC Financial Institutions Growth Fund, LP ("FIG"), a United Kingdom limited partnership, of which IFC FIG Fund (GP), LLP, a United Kingdom limited liability partnership, serves as general partner; and (c) AFCAP. |
| 3. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose. |
| 4. Represents shares of Common Stock acquired by the Reporting Person as a result of the Issuer's acquisition of Adumo (RF) Proprietary Limited and its subsidiaries (the "Adumo Group"). |
| 5. Represents shares of Common Stock acquired by FIG as a result of the Issuer's acquisition of the Adumo Group. |
| 6. Represents shares of Common Stock sold by ALAC. |
| 7. Represents the weighted average price of Common Stock sold by ALAC on March 4, 2026, ranging from a low of $4.70 to a high of $4.62. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price. |
| 8. Represents the weighted average price of Common Stock sold by ALAC on March 5, 2026, ranging from a low of $4.53 to a high of $4.64. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price. |
| Remarks: |
| IFC is an international organization established by Articles of Agreement among its member countries, including the United States, and as such, enjoys certain immunities, privileges and exemptions, including the freedom of all of its property and assets from restrictions, regulations, controls and moratoria of any nature. The voluntary provision by IFC of the following information does not in any way constitute or imply a waiver, termination or modification by IFC of any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions, or applicable law. |
| /s/ MOHAMED OMER EISSA, Name: Mohamed Omer Eissa, Title: Portfolio Manager, on behalf of International Finance Corporation | 03/06/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||