Update In Relation To The Dilution By AEEI And Subscription By AYO Of The Interest In BT Communications
AFRICAN EQUITY EMPOWERMENT
(Incorporated in the Republic of South
Registration number 1996/006093/06
Share code: AEE
AYO TECHNOLOGY SOLUTIONS LIMITED
(Previously Sekunjalo Technology Solutions
(Incorporated in the Republic of South Africa)
(Registration number: 1996/014461/06)
Share code: AYO
UPDATE IN RELATION TO THE DILUTION BY AEEI AND SUBSCRIPTION BY AYO OF THE
INTEREST IN BT COMMUNICATIONS SERVICES SOUTH AFRICA PROPRIETARY LIMITED
Shareholders are referred to the joint announcement released by AEEI and AYO Technology on
Tuesday, 29 May 2018 in terms of which it was announced that AEEI and AYO Technology had
entered into a subscription agreement with Kilomax Investments Proprietary Limited (“Kilomax”), a
wholly-owned subsidiary of AEEI who owns 100% of the issued share capital of Kilomix Investments
Proprietary Limited (“Kilomix”) and Kilomix, who owns 30% of the issued share capital of BTSA, in
terms of which AYO Technology would subscribe for 99% of the issued share capital of Kilomix
Shareholders are hereby advised that the Subscription Agreement has lapsed and that the parties
are engaging with each other to have the agreement reinstated. Shareholders will be advised should
the agreement be reinstated.
6 August 2018
Sponsor to AEEI & AYO Technology
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