Naahied Gamieldien and Abdul Malick Salie have been issued with a public censure and a fine of R250 000 each by the JSE for breaching the bourse’s listing requirements. Moneyweb
Former CFO and director of Ayo Technology Naahied Gamieldien, as well as Abdul Malick Salie, former director of African Equity Empowerment Investments Limited – parent company to Ayo Technology – have been issued with a public censure and a fine of R250 000 each by the JSE for breaching the bourse’s listing requirements. Ayo announced the move by the JSE on Tuesday via two separate Sens statements.
“In arriving at this decision, the JSE considered amongst other factors, that Ms Gamieldien was constructive and transparent in admitting her shortcomings to the JSE and fully co-operated with the JSE’s investigation,” it said. “The fine imposed against Ms Gamieldien will be appropriated in accordance with Section 11[4] of the Financial Markets Act, 19 of 2012 read with section 1.
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