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AYO - offer of firm intention
Shareholders were referred to the announcement released on SENS on 15 May 2025 as well as the subsequent update released on 18 June 2025, wherein Shareholders were advised that AYO received a Firm Intention Letter from Sekunjalo, confirming its intention to make an offer to all "Eligible Shareholders", being all Shareholders other than Sekunjalo and its Concert Parties, to acquire the 155 322 853 Offer Shares, for a cash consideration of 52 cents per Share, equalling a total Offer Consideration of R80 772 531, in accordance with the provisions of section 117(1)(c)(v) of the Companies Act and paragraphs 1.15 and 1.16 the Listings Requirements of the JSE.
Circular distribution
Shareholders were hereby advised that a circular containing full details of the Disposal and incorporating, inter alia, a notice convening a general meeting of Shareholders ("General Meeting") ("Circular"), has been distributed to Shareholders today, 30 July 2025.
Copies of the Circular may be obtained during normal business hours from the registered office of AYO and from the office of Vunani Sponsors, whose addresses are set out in the "Corporate Information and Advisors" section of the Circular. The Circular is also available on AYO'S website at ayotsl.com/wp-content/uploads/2025/07/AYO-Distribution-of-circular-and-Notice-of- General-Meeting.pdf.
Notice of general meeting
Notice was given that a General Meeting will be held at 10:00 on Friday, 29 August 2025 to be conducted by and accessible to Shareholders, through electronic communication as envisaged in section 63(2)(a) of the Companies Act, the JSE Listings Requirements and clause 21 of the memorandum of incorporation of the Company, in order to consider and, if deemed fit, approve with or without modification, the resolution set out in the Notice of General Meeting.
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Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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