AYO Technology Solutions Limited announced at AGM held on January 2019, the shareholders approve the appointment of Ms. RP Mosia as a member of the audit and risk committee, Adv. NA Ramatlhodi as a member of the audit and risk committee, Dr. DH George as a member of the audit and risk committee and Mr. SM Rasethaba and Mr. S Young as a member of the audit and risk committee. Mr. S Young and Ms CF Hendricks did not make themselves available for re-election at the AGM and voluntary elected to step off the board and accordingly the requisite resolutions were withdrawn.

Furthermore, the Board announced that Ms. N Gamieldien voluntary elected to step off the Board as the Chief Financial Officer of the Company but will continue in a senior executive role. Accordingly, in compliance with paragraph 3.59(b) of the JSE Listings Requirements, the company announced that Mr. S Young, Ms. CF Hendricks and Ms. N Gamieldien were not available for re-election to the Board and are therefore no longer directors to the Board with effect from 22 January 2019. The Board further announced that with effect from 22 January 2019, Mr. H Plaatjes has taken up the role of Chief Executive Officer, Mr. IT Bundo has been appointed to the Board of Directors as an executive in the capacity of Chief Financial Officer, Mr. AM Salie has been appointed as an executive in the capacity of Chief Investment Officer and Mr. I Amod has been appointed as an independent non-executive director.

In addition, the Board further announced that Mrs. AB Amod has been appointed to the Audit and Risk Committee effective 22 January 2019.