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AYO TECHNOLOGY SOLUTIONS LIMITED - Trading Statement for the Six Months Ended 29 February 2020

Release Date: 25/05/2020 09:40
Code(s): AYO     PDF:  
 
Wrap Text
Trading Statement for the Six Months Ended 29 February 2020

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 “Group” or the “Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 29 FEBRUARY 2020

In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a
company is required to publish a trading statement as soon as it becomes aware that the
financial results for the financial period to be reported on next will vary by 20% or more from
those of the previous corresponding period.
Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that
for the six months ended 29 February 2020:

•   The Group expects to report basic earnings per share (“EPS”) of between 32.84 and 38.56
    cents per share, representing an increase of between 14.78% and 34.78%, compared to
    EPS of 28.61 cents per share reported for the six months ended 28 February 2019; and

•   The Group expects to report headline earnings per share (“HEPS”) of between 32.95 and
    38.67 cents per share, representing an increase of between 15.39% and 35.39%,
    compared to HEPS of 28.56 cents per share reported for the six months ended 28
    February 2019.

The increase in EPS and HEPS compared to the prior period is primarily as a result of organic
growth as well as the positive contributions from recently acquired subsidiaries.

The financial information on which this trading statement is based has not been reviewed or
reported on by AYO’s auditors.

The Group is in the process of finalising its financial results for the six months ended
29 February 2020, which are scheduled to be released on SENS on or about 26 May 2020.


Cape Town
25 May 2020

Joint Sponsor
Vunani Capital

Joint Sponsor
Merchantec Capital

Date: 25-05-2020 09:40:00
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