GOVERNANCE
Ayo squirms under JSE scrutiny
The technology group has been forced to reveal more details about its secretive PIC settlement, thanks to the JSE
06 April 2023 - 05:03
Remarkably for a company that has racked up more than the average number of run-ins with the JSE, Ayo Technology Solutions seems blissfully unaware of its disclosure obligations. It’s calling this week’s Sens statement regarding its settlement with the Public Investment Corp (PIC) a “voluntary announcement”, prompted by the release of “certain confidential information” in a Daily Maverick article — seven working days after its initial terse market alert.
Making it even more remarkable is that Ayo tags the name of not one but two sponsors onto its Sens statements. How do they not know what’s required? ..
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