Enhanced Investments - Financial Portal

Receipt Of Court Application

Published: 2025-01-24 17:52:25 ET

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 Company")


RECEIPT OF COURT APPLICATION


Shareholders are advised that AYO has received a notice of motion which has been lodged in the High
Court of South Africa, Western Cape Division, Cape Town, from a minority shareholder with a
shareholding of 0,13%, seeking to wind up AYO.

AYO has engaged its legal advisors to oppose the application. The board of directors of the Company
(“Board”) is confident in AYO’s position to oppose the application and believes that it will successfully
defend the matter in the appropriate legal forum. The Board is carefully traversing the legal and
operational implications of the application and will take all necessary steps, in consultation with its
advisors, to safeguard the interests of the Company, together with its stakeholders and shareholders.

Nevertheless, shareholders are further advised that at this stage, the application has no impact on the
operations of either AYO, nor its underlying subsidiaries. These entities will continue to operate as
usual, and their day-to-day activities remain unaffected by this legal matter.

After careful consideration, and following consultation with its legal advisors, the Board has
determined the information to not be price sensitive. This determination is based on a qualitative and
quantitative assessment of the specificity, preciseness and materiality of the potential impact of the
application, in combination with the assessed probability of the application’s success

Notwithstanding the above, the Board has elected to issue this voluntary announcement in the
interest of transparency with the general body of shareholders and maintaining the integrity of capital
markets.

The Board will continue to evaluate developments and keep shareholders informed of any material
developments in this regard.

Cape Town
24 January 2025

Joint Sponsor
Vunani Sponsor

Joint Sponsor
Merchantec Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.