Lesaka Technologies (LSAK) Proxy filing summary

Executive summary

• Special Meeting of Shareholders scheduled for August 3, 2026, to approve a share option grant to Executive Chairman Ali Mazanderani in compliance with Nasdaq Listing Rule 5635(c).

• The Option Award allows Mr. Mazanderani to purchase 1,000,000 shares at $5.00 per share, vesting on April 1, 2028, and exercisable after April 1, 2029, if he remains employed through the vesting date.

• The Board believes the award aligns Mr. Mazanderani’s interests with shareholders and incentivizes long-term performance.

• If shareholders do not approve the grant, the option will be forfeited.

Voting matters and shareholder proposals

• Only one proposal is up for vote: approval of the share option grant to Mr. Mazanderani.

• Approval requires more votes in favor than against; abstentions and broker non-votes do not affect the outcome.

• Shareholders of record as of June 15, 2026, are eligible to vote; special instructions apply for South African shareholders.

• Shareholder proposals and director nominations for the 2026 annual meeting must be submitted by June 29, 2026.

Board of directors and corporate governance

• The Board unanimously recommends voting FOR the share option agreement proposal.

• The Option Award will be administered by the Board or its remuneration committee, with authority to interpret and apply the agreement.