AYO TECHNOLOGY SOLUTIONS LIMITED - Receipt Of Court Application

Receipt Of Court Application

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")


RECEIPT OF COURT APPLICATION


Shareholders are advised that AYO has received a notice of motion which has been lodged in the High
Court of South Africa, Western Cape Division, Cape Town, from a minority shareholder with a
shareholding of 0,13%, seeking to wind up AYO.

AYO has engaged its legal advisors to oppose the application. The board of directors of the Company
("Board") is confident in AYO's position to oppose the application and believes that it will successfully
defend the matter in the appropriate legal forum. The Board is carefully traversing the legal and
operational implications of the application and will take all necessary steps, in consultation with its
advisors, to safeguard the interests of the Company, together with its stakeholders and shareholders.

Nevertheless, shareholders are further advised that at this stage, the application has no impact on the
operations of either AYO, nor its underlying subsidiaries. These entities will continue to operate as
usual, and their day-to-day activities remain unaffected by this legal matter.

After careful consideration, and following consultation with its legal advisors, the Board has
determined the information to not be price sensitive. This determination is based on a qualitative and
quantitative assessment of the specificity, preciseness and materiality of the potential impact of the
application, in combination with the assessed probability of the application's success

Notwithstanding the above, the Board has elected to issue this voluntary announcement in the
interest of transparency with the general body of shareholders and maintaining the integrity of capital
markets.

The Board will continue to evaluate developments and keep shareholders informed of any material
developments in this regard.

Cape Town
24 January 2025

Joint Sponsor
Vunani Sponsor

Joint Sponsor
Merchantec Capital

Date: 24-01-2025 04:52:00
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