Lesaka extends executive chairman Mazanderani employment deal to June 2029 at $600,000 salary

• Lesaka Technologies extended Executive Chairman Ali Mazanderani’s employment agreement to June 30, 2029, keeping his base salary at USD 600,000 per year.
• A separate South Africa employment contract is set to run from July 1, 2026 through June 30, 2029, paying ZAR 5 million per year.
• The South Africa arrangement also covers business travel costs up to ZAR 4 million per financial year.
• Mazanderani remains ineligible for short-term cash incentives or other bonus programs during the term of both agreements.
• The board also granted an option for 1,000,000 shares at an exercise price of USD 5 per share, subject to shareholder approval by Aug. 17, 2026, with exercise permitted from April 1, 2029 to April 1, 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lesaka Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-26-002777), on May 18, 2026, and is solely responsible for the information contained therein.