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AYO TECHNOLOGY SOLUTIONS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1996/014461/06
JSE share code: AYO ISIN: ZAE000252441
("the Company")
CHANGES TO THE BOARD
In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised of
the following changes to the board of directors of the Company (“Board”).
The Board hereby notifies shareholders that the Company and Vanessa Govender (“Vanessa”), the
Corporate Affairs Director, have reached agreement through the restructuring process to end her
employment contract with the Company, with effect from 23 December 2022. This decision is in line with
the Company’s strategy of reducing corporate head office costs and becoming an information technology
investment holding company. Therefore, the Company believes the services of a corporate affairs director
is no longer needed.
The Board takes this opportunity to express their appreciation to Vanessa and extends its best wishes
for her future endeavors.
The Company has also appointed Mr Isaiah Tatenda Bundo, currently the Chief Financial Officer, as
acting Chief Executive Officer (“CEO”) with effect from 13 December 2022, following the retirement
of Mr H Plaatjes. The Board has begun the process of appointing a permanent successor and expects
to fill the CEO position within the first quarter of the next calendar year, 2023.
Cape Town
23 December 2022
Sponsor
Vunani Sponsors
Joint Sponsor
Merchantec Capital
