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
(“AYO Technology” or “the Company”)
SHORT-FORM ANNOUNCEMENT: REVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED
31 AUGUST 2020 AND DECLARATION OF DIVIDEND
• Revenue increased by 47% to R2.89 billion from R1.96 billion in the prior corresponding
• Profit before tax decreased by 62% to R103.63 million from 272.99 million in the prior
• 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 firstname.lastname@example.org and either of the joint sponsors, being Vunani
Sponsors or Merchantec Capital, at email@example.com or firstname.lastname@example.org.
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
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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.
19 November 2020
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Date: 19-11-2020 05:49:00
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