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AYO TECHNOLOGY SOLUTIONS LIMITED - Clarification in respect of PIC commission of inquiry statement

Release Date: 14/05/2019 17:30
Code(s): AYO     PDF:  
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Clarification in respect of PIC commission of inquiry statement

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


Shareholders are referred to paragraph 81 of the statement made by former director of the Company, Abdul Malick Salie ("Salie") 
at the PIC Commission of Inquiry today, 14 May 2019 and are advised of the following:

-   the statement is the view of Salie in his personal capacity and was made without the knowledge or input of the Company;

-   the statement is considered to be a profit forecast pertaining to the Company in terms of the Listings Requirements of JSE Limited;

-   the statement has not been reviewed or reported on by AYO’s auditors; and

-   the Company is not aware of the basis on which the numbers included in the statement were derived.

Cape Town
14 May 2019

Joint Sponsor
Vunani Corporate Finance

Joint Sponsor
Merchantec Capital

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