AYO TECHNOLOGY SOLUTIONS LIMITED - Trading Statement

Trading Statement

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" or "the Group")


TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that the financial results for
the period to be reported on will differ by more than 20% from that of the previous corresponding
period.

Accordingly, a review by management of the financial results for the six months ended 29 February
2024 has indicated that:

•   the basic loss per share ("LPS") is expected to be between (25,01) cents and (40,83) cents,
    reflecting a decrease in loss of between 68.36% and 48.36%, compared to the LPS of (79,06) cents
    for the six months ended 28 February 2023; and
•   the headline loss per share ("HLPS") is expected to be between (25,21) cents and (41,03) cents,
    reflecting a decrease in loss of between 68.14% and 48.14%, compared to the HLPS of (79.13)
    cents per share for the six months ended 28 February 2023.

The decrease in LPS and HLPS compared to the previous corresponding period is primarily as a result
of the Group's continued focus on value preservation and creation. The Group has continued
implementing cost saving initiatives and restructuring which has yielded a significant decrease in
overall operating expenditure.

The Company's financial results for the six months ended 29 February 2024 are expected to be
released on SENS on or about 30 May 2024.


Cape Town
28 May 2024

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 28-05-2024 04:30:00
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