Sens Announcements – Details
Withdrawal of Transactional Banking Facilities at Major Subsidiary
AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1996/006093/06 Share code: AEE ISIN: ZAE000195731 (“AEEI” or "the Company")
WITHDRAWAL OF TRANSACTIONAL BANKING FACILITIES AT MAJOR SUBSIDIARY
Shareholders of AEEI are advised that AYO Technology Solutions Limited (“AYO”), a major subsidiary of AEEI, released an announcement on SENS on Friday, 30 April 2021 regarding:
• AYO’s application for an urgent interdict against FNB, pending the hearing of its main application, being struck off the roll for lack of urgency; • The alternative third-party payment solutions AYO has put in place which will ensure continuity of its business; and • The withdrawal of the cautionary AYO was previously trading under.
AEEI will keep shareholders updated of any further developments in this regard.
Cape Town 3 May 2021
Joint Sponsor Vunani Sponsors
Joint Sponsor Merchantec Capital
Date: 03-05-2021 01:10:00
Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.