Lesaka extends Executive Chairman's contract to June 2029, grants 1M stock options

LESAKA TECHNOLOGIES INC

Ali Mazanderani's employment agreement extended from Jan 2028 to June 30, 2029; base salary unchanged at $600,000/year.
New South African employment contract effective July 1, 2026: ZAR 5M annual base salary plus up to ZAR 4M in business travel costs.
Board approved grant of 1,000,000 stock options at $5.00/share, exercise period Apr 1, 2029–Apr 1, 2030.
Option vesting requires continuous employment as Executive Chair through Apr 1, 2028; subject to shareholder approval by Aug 17, 2026.
No short-term cash incentive or bonus for Mazanderani under either agreement.

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