The JSE market regulation division has completed its review of AYO’s increased trading.
The JSE market regulation division has completed a review of the trading in AYO shares that saw the price rise up to 400 percent to R30 on 11 January.
According to JSE director of market regulation Shaun Davies, the JSE found no evidence of irregularities in the share trading of AYO Technology Solutions that resulted in a significant increase in the price last week.
The price remained at high levels on low trading volumes until 14 January, after which it reverted to previous levels.
AYO CEO Howard Plaatjes said the company was pleased with the swift action taken by the JSE’s market regulation division. The division’s ruling of no irregularities in trading means that no further action needs to be taken.
“The increased interest in AYO is encouraging and reinforces our commitment to focus on growing earnings and delivering value to our stakeholders,” said Howard.
