AYO TECHNOLOGY SOLUTIONS LIMITED - Results of Private Placement by Ayo Technology
AYO 201712180068A
Results of Private Placement by Ayo Technology
AYO TECHNOLOGY SOLUTIONS LIMITED
(Previously Sekunjalo 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”)
RESULTS OF PRIVATE PLACEMENT BY AYO TECHNOLOGY
AYO Technology is pleased to announce that it received strong
demand for its private placement that closed on Friday, 15 December
2017 (“Private Placement”), with the book being oversubscribed.
AYO Technology received irrevocable commitments from invited
investors to subscribe for shares in AYO Technology to the value
of R5.3 billion, well in excess of the R4.3 billion sought to be
raised in terms of the Private Placement. The amount sought to be
raised in the Private Placement will not be increased and
successful invited investors will be advised of their allocations
today, 18 December 2017.
Subject to final approval by the JSE Limited, AYO Technology’s
listing on the main board of the JSE Limited is expected to
commence on Thursday, 21 December 2017.
Cape Town
18 December 2017
Transaction Advisor and Sponsor: PSG Capital Proprietary Limited
Corporate Advisor and Bookrunner: AEEI Corporate Finance Proprietary Limited
Independent Reporting Accountant and Auditor: Grant Thornton
Legal Advisor: Tshisevhe Gwina Ratshimbilani Inc
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