AYO TECHNOLOGY SOLUTIONS LIMITED - Short-Form Announcement: Reviewed Provisional Results for the Year Ended 31 August 2020 and Declaration of Dividend

Short-Form Announcement: Reviewed Provisional Results for the Year Ended 31 August 2020 and Declaration of Dividend

 AYO TECHNOLOGY SOLUTIONS LIMITED
 (Incorporated in the Republic of South Africa)
 Registration number: 1996/014461/06
 JSE share code: AYO
 ISIN: ZAE000252441
 (“AYO Technology” or “the Company”)

SHORT-FORM ANNOUNCEMENT: REVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED
31 AUGUST 2020 AND DECLARATION OF DIVIDEND

   1. Highlights

    •   Revenue increased by 47% to R2.89 billion from R1.96 billion in the prior corresponding
        period.
    •   Profit before tax decreased by 62% to R103.63 million from 272.99 million in the prior
        corresponding period.
    •   Earnings per share decreased by 86% to 6.20 cents per share from 43.76 cents per share in
        the prior corresponding period.
    •   Headline earnings per share decreased by 82% to 8.02 cents per share from 43.40 cents per
        share in the prior corresponding period.
    •   Total dividends per share, comprised of an interim and a final dividend, increased by 96% to
        100 cents per share from 51 cents per share in the prior corresponding period.

    2. 2020 Preliminary results

The Company wishes to inform shareholders that the full announcement in respect of the provisional
reviewed results for the year ended 31 August 2020 (“2020 Provisional results”) are available at
https://senspdf.jse.co.za/documents/2020/jse/isse/ayoe/AYORP2020.pdf and on the Company’s
website at https://ayotsl.com/investor-centre/2020-2/

The 2020 Provisional results have been reviewed by the Company’s auditors, Crowe Jhb Inc. and
Thawte Inc. who expressed an unmodified review opinion thereon.

Copies of the full announcement in respect of the 2020 Provisional results may also be requested from
the Company secretary at wazeer.moosa@ayotsl.com and either of the joint sponsors, being Vunani
Sponsors or Merchantec Capital, at sponsor@vunanicapital.co.za or sponsorteam@merchantec.co.za.
Given the current corona virus pandemic, these will be sent electronically upon request.

This short-form announcement is the responsibility of the board of directors. This announcement is a
summary of the information in the full announcement and does not contain full or complete details.
Any investment decision by investors and/or shareholders should be based on consideration of the
full announcement which has been released on SENS and available for viewing on the Company's
website.




                                                                                             Page 1 of 2
    3. Declaration of final ordinary dividend.

Notice is hereby given that a gross final dividend of 65 cents per share has been declared by the Board
of AYO out of income reserves in respect of ordinary shares of no-par value for the year ended
31 August 2020.

A dividend withhold tax of 20% or 13 cents per share will be applicable, resulting in a net dividend of
52 cents per share unless the shareholder concerned is exempt from paying dividend withholding tax.

The issued share capital at the declaration date is 344 123 944 ordinary shares.

The Company’s income tax number is 9389007031.

The salient dates of the dividend distribution are as follows:

 Gross dividend (cents per share)                                  65
 Dividend net of dividend withholding tax (cents per share)        52
 Announcement date                                                 Thursday, 19 November 2020
 Last day, to trade cum dividend                                   Tuesday, 8 December 2020
 Trading ex-dividend commences                                     Wednesday, 9 December 2020
 Record date                                                       Friday, 11 December 2020
 Date of payment                                                   Monday, 14 December 2020

Share certificates may not be dematerialised between Wednesday, 9 December 2020 and Friday, 11
December 2020, both days inclusive.

Cape Town
19 November 2020

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital




                                                                                              Page 2 of 2

Date: 19-11-2020 05:49:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.