AYO Tech Solutions (JSE:AYO) News - No Change Statement, Availability of Integrated Report and Notice of Annual General Meeting

AYO TECHNOLOGY SOLUTIONS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1996/014461/06
JSE share code: AYO
ISIN: ZAE000252441
(“AYO Technology” or “the Company”)

NO CHANGE STATEMENT, AVAILABILITY OF INTEGRATED REPORT AND NOTICE OF ANNUAL GENERAL
MEETING

1. Introduction

Shareholders are advised that the Company’s integrated report, incorporating the audited
consolidated annual financial statements for the year ended 31 August 2021 and the notice of the
annual general meeting (“AGM”) of the Company has been distributed to shareholders today, 20
December 2021.

The Company reports, including the integrated report, audited consolidated annual financial
statements, reviewed provisional condensed financial results, the external auditors’ unmodified audit
opinion on the audited consolidated financial statements and notice of AGM are available on
https://ayotsl.com/investor-centre/2021-2/. The audited consolidated annual financial statements
contain no changes from the reviewed provisional results for the year ended 31 August 2021 which
were released on SENS on 30 November 2021.

The auditors unmodified audit report included a reportable irregularity pertaining to the provision of
financial assistance and guarantees by the Company to its subsidiaries in terms of 45(3)(a)(ii) of the
Companies Act (Act 71 of 2008) without obtaining the requisite number of votes for the special
resolution to provide such financial assistance at the Company’s annual general meeting held on
23 February 2021. The Company’s independent external auditors have reported the reportable
irregularity to the Independent Regulatory Board of Auditors. At the date of publication of these
consolidated annual financial statements, the reportable irregularity had been resolved and no longer
exists.

2. Notice of Annual General Meeting

The AGM will be held through electronic participation only at 10:00 am on Thursday, 10 March 2022.

Due to the extension of the state of National Disaster as well as the continued impact of COVID-19
and the uncertainty surrounding the restrictions placed on public gatherings and the COVID-19 level
that may be applicable when the Company’s AGM is scheduled to take place, the Company has
determined it prudent and appropriate to make the AGM accessible only through electronic
participation, as provided for in terms of the provisions of the Companies Act, (Act 71 of 2008) as
amended (“Companies Act”).

Any shareholders or their proxies who wish to participate in the AGM via electronic communication
(“Participants”) should complete the Electronic Participation Form forming part of the integrated
report (“the Application”) and email same to the Company’s transfer secretaries, JSE Investor Services
at meetfax@linkmarketservices.co.za as soon as possible but by no later than 10:00 on Tuesday, 8
March 2022.

Upon receipt of a duly completed Application, the Company’s transfer secretaries will follow a
verification process to verify each Participant’s entitlement to participate and/or vote at the AGM. On
successful verification, such shareholder or their duly appointed proxy will receive to their nominated
email address, a Microsoft Teams meeting invitation, which will be required to access the AGM.

Salient details of the AGM are set out below:

 Issuer Name                                                           Ayo Technology Solutions Limited
 Type of Instrument                                                                    Ordinary Shares
 Isin Number                                                                            ZAE000252441
 Jse Code                                                                                          AYO
 Meeting Type                                                                  Annual General Meeting

 Meeting Venue                                                                      Via electronic means
 Record Date – to determine which shareholders are
 entitled to receive the Notice of meeting                                   Friday, 10 December 2021
 Publication/Posting Date                                                   Monday, 20 December 2021
 Last Day To Trade – Last day to trade to determine
 eligible shareholders that may attend, speak and vote
 at the Meeting                                                                  Tuesday, 1 March 2022
 Record Date- Record date to determine eligible
 shareholders that may attend, speak and vote at the
 Meeting                                                                           Friday, 4 March 2022
 Meeting Deadline Date (For administrative purposes,
 forms of proxy for the meeting to be lodged                            10:00 on Tuesday, 8 March 2022
 Meeting Date                                                         10:00 on Thursday, 10 March 2022
 Publication of Results                                                        Thursday, 10 March 2022
 Web Site Link                                              https://ayotsl.com/investor-centre/2021-2/.


Cape Town

17 December 2021

Joint Sponsor

Vunani Sponsors

Joint Sponsor

Merchantec Capital

Date: 20-12-2021 07:10:00
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