Day: May 7, 2024

JOHANNESBURG, South Africa, May 07, 2024 (GLOBE NEWSWIRE) —  Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka”) has signed a definitive agreement to acquire Adumo RF (Pty) Ltd (“Adumo”) for ZAR 1.59 billion ($85.9 million translated at the prevailing rate $1: ZAR 18.50 as of May 7, 2024). The transaction is subject to shareholder and regulatory approvals. The purchase consideration1 will be settled through the combination of an issuance of 17,279,803 shares of Lesaka common stock to Adumo’s current ultimate shareholders plus ZAR 232 million ($12.5 million) in cash, funded by internal cash resources and external financing. Adumo’s ultimate shareholders include Apis Growth Fund I, a private equity fund managed by Apis Partners LLP (“Apis”), African Rainbow Capital (“ARC”), the largest shareholder of Crossfin Holdings (RF)...

The investment marks Hope’s sixth acquisition transaction in West Virginia and adds a thirty-eighth county to its Mountain State service territory Morgantown, WV, May 07, 2024 (GLOBE NEWSWIRE) — Hope Gas (Hope) today announces an agreement to purchase Consumers Gas Utility Company in West Virginia. This transaction is subject to review and approval by the Public Service Commission of West Virginia. This agreement marks the sixth acquisition transaction by Hope Gas in West Virginia in just over one year. The company has previously acquired Equitrans Gathering, Hometown Gas, Peoples Gas WV and Southern Public Gas Company. An acquisition of Standard Gas Company and Bazzle Gas Company is expected to close in mid-2024. The acquisition of Consumers Gas will add approximately 8500 new customers across Cabell, Jackson, Putnam, Ritchie,...