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AYO TECHNOLOGY SOLUTIONS LIMITED - AYO to fully comply with JSE request

Release Date: 11/04/2019 13:15
Code(s): AYO     PDF:  
 
Wrap Text
AYO to fully comply with JSE request

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

AYO to fully comply with JSE request

AYO refers to the General SENS Announcement (“the Announcement”) released by
JSE Limited (“JSE”) as well as a letter from the JSE sent to the Company
(“the Letter”) on 10 April 2019 requesting the Company to perform the
following:

1. Instruct BDO Cape Incorporated (“BDO”), its appointed external audit firm,
   to conduct an engagement in terms of International Standard on Related
   Services (“ISRS”) 4400:   Engagements to Perform Agreed-Upon Procedures
   Regarding Financial Information to test the veracity of the statements
   made by the former executives of AYO at the PIC Commission of Enquiry,
   that the numbers contained in the 2018 interim results were inaccurate.

2. Obtain an audit opinion on the 2018 interim results and provide the JSE
   and the market via a SENS announcement, with this audit opinion;

3. Obtain an audit opinion on the unaudited interim results for the six
   months ended 28 February 2019 and provide the JSE and the market via a
   SENS announcement, with this audit opinion (collectively referred to as
   “the Audits”).

The Company wishes to inform shareholders that it is complying fully with
the JSE requests and is willing to announce the findings of the Agreed-Upon
Procedures and Audits on SENS.

Cape Town
11 April 2019

Joint Sponsor
Vunani Corporate Finance

Joint Sponsor
Merchantec Capital

Date: 11/04/2019 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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