EOH Holdings expects to generate an operating profit from continuing operations of as much as R120-million in the six months ended 31 January 2023.
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EOH Holdings CEO Stephen van Coller has described the successful conclusion of the IT services group’s rights issue as a “watershed moment” that closes a “long and difficult chapter”.
New shares will be offered in the ratio of 227 rights offer shares for every 100 ordinary shares held, the IT services group said.
JSE-listed IT services group EOH Holdings has outlined a plan to restructure its debt following a planned rights issue.
In the final TC|Daily interview of 2022, +OneX founder Rob Godlonton shares his plans for the company and reflects on the South African IT sector more broadly.
EOH Holdings has been given the go-ahead to proceed with a planned rights offer aimed at reducing the JSE-listed IT services company’s debt.
The EOH Holdings CEO unpacks what’s happening at the IT services group, including its upcoming rights issue.
EOH Holdings will pay R177-million as final settlement related to a corrupt legacy contract it entered into with the department of water & sanitation.
EOH has announced details of its plan to go to shareholders for cash to resolve its legacy debt issues, sending its share price sliding to a multi-year low.
EOH Holdings has announced it plans a R500-million rights issue as it moves to deal once and for all with the debt on its balance sheet.