To view the PDF file, sign up for a MySharenet subscription.

AYO TECHNOLOGY SOLUTIONS LIMITED - Short-Form Announcement: Interim Results for the Six Months Ended 29 February 2020

Release Date: 26/05/2020 17:30
Code(s): AYO     PDF:  
Wrap Text
Short-Form Announcement: Interim Results for the Six Months Ended 29 February 2020

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


1. Highlights

•   Revenue increased by 95% to R1.3 billion from R689 million in the prior period
•   Earnings per share increased by 25% to 35.70 cents per share from 28.61 cents per share in
    the prior period
•   Headline earnings per share increased by 25% to 35.81 cents per share from 28.56 cents per
    share in the prior period

2. Interim results

The Company wishes to inform shareholders that the full announcement in respect of the unaudited
interim results for the six months ended 29 February 2020 (“unaudited 2020 Interim Results ”) are
available at on the
Company’s website at

Copies of the full announcement in respect of the unaudited 2020 Interim Results may also be
requested from the Company secretary at and either of the joint
sponsors, being Vunani Sponsors or Merchantec Capital, at or Given the lock-down 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

3. Declaration of interim ordinary dividend.

Notice is hereby given that a gross interim dividend of 35 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 six months
ended 29 February 2020.
A dividend withhold tax of 20% or 7 cents per share will be applicable, resulting in a net dividend of
28 cents per share unless the shareholder concerned is exempt from paying dividend withholding tax.

The issued share capital at the declaration date is 344 125 194 ordinary shares.

The Company’s income tax number is 9389007031.

The salient dates of the dividend distribution are as follows:

                                                                                             Page 1 of 2
 Gross dividend (cents per share)                             35
 Dividend net of dividend withholding tax (cents per share)   28
 Announcement date                                            Tuesday, 26 May 2020
 Last day, to trade cum dividend                              Tuesday, 9 June 2020
 Trading ex-dividend commences                                Wednesday, 10 June 2020
 Record date                                                  Friday, 12 June 2020
 Date of payment                                              Monday, 15 June 2020

Share certificates may not be dematerialised between Wednesday, 10 June 2020 and Friday, 12 June
2020, both days inclusive

Cape Town

26 May 2020

Joint Sponsor

Vunani Sponsors

Joint Sponsor

Merchantec Capital

                                                                                        Page 2 of 2

Date: 26-05-2020 05:30:00
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.

Share This Story