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Release Date: 01/12/2023 07:10
Code(s): AYO     PDF:  
Wrap Text
Trading Statement

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


In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are
required to publish a trading statement as soon as a reasonable degree of certainty exists that the
financial results for the next financial period to be reported on will differ by at least 20% or more from
those of the previous corresponding period.

Accordingly, a review by management of the financial results for the year ended 31 August 2023 has
indicated that the Group expects to report:

    -   a basic loss per share ("LPS") of between 173,60 and 189,32 cents, reflecting an increase of
        between 121% and 141% compared to LPS of 78,60 cents reported for year ended 31 August
        2022; and

    -   a headline loss per share ("HLPS") of between 171,36 and 183,41 cents, reflecting an increase
        of between 184% and 204% compared to the HLPS of 60,25 cents reported for year ended 31
        August 2022.

The increase in LPS and HLPS compared to the prior period is primarily due to the decrease in gross
margins across subsidiaries, lower fair value adjustments on investments, the derecognition of
derivatives and the impairment of loans.

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 year ended 31 August 2023, which are
scheduled to be released on SENS on or about 1 December 2023.

Cape Town
1 December 2023

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 01-12-2023 07:10:00
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