Enhanced Investments - Financial Portal

Trading Statement For The Six Months Ended 28 February 2022

Published: 2022-05-19 13:00:36 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 “Group” or the “Company”)


TRADING STATEMENT FOR THE SIX MONTHS ENDED 28 FEBRUARY 2022

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 28 February 2022 the Group expects to report the following:

•   a basic loss per share (“LPS”) for the six months ending 28 February 2022 of between (31.30) and
    (37.32) cents per share, compared to the LPS of (30.11) cents reported on for the six months
    ended 28 February 2021 representing an increased loss of between 3.95% and 23.95%; and
•   a headline loss per share (“HLPS”) for the six months ended 28 February 2022 of between (33.72)
    and (38.74) cents per share, compared to a HLPS of (25.09) cents per share reported on for the six
    months ended 28 February 2022 representing an increased loss of between 34.40% and 54.40%.

The increase in LPS and HLPS compared to the prior period is primarily as a result of a decrease in
revenue earned by the Group for the six months ended 28 February 2022 due to the disposal of Puleng
Technologies Proprietary Limited, a subsidiary where 100% was previously held and the loss of control
of Global Command and Control Technologies Proprietary Limited due to a change in the board
composition.

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 28 February 2022,
which are scheduled to be released on SENS on or about 20 May 2022.



Cape Town
19 May 2022

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

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

Important disclosures

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.