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AYO TECHNOLOGY SOLUTIONS LIMITED - Termination of Discussions Regarding the Subscription of Shares by AYO In Bowwood

Release Date: 22/09/2020 07:35
Code(s): AYO     PDF:  
Wrap Text
Termination of Discussions Regarding the Subscription of Shares by AYO In Bowwood

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

    TERMINATION OF DISCUSSIONS REGARDING THE SUBSCRIPTION OF SHARES BY AYO IN
    BOWWOOD

    AYO Shareholders (“Shareholders”) are referred to the announcement released on SENS on 1 June 2020 regarding
    the subscription by SGT Solutions (Proprietary) Limited (“SGT”) for 45% of the ordinary shares in Bowwood and Main
    No 180 Proprietary Limited (“Bowwood”), which subscription was categorised as a small related part transaction in
    terms of the Listings requirements of JSE Limited (“the Transaction”).

    Shareholders are further referred to the announcement released by African Equity Empowerments Investments
    Limited (“AEEI”) on 22 September 2020 (“AEEI Announcement”) and are advised that as per the AEEI Announcement,
    discussions between SGT and Bowwood have been mutually terminated for the reasons set out in such announcement.

    Cape Town
    22 September 2020

    Joint Sponsor
    Vunani Sponsors

    Joint Sponsor
    Merchantec Capital
Date: 22-09-2020 07:35:00
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