Andrew Mthembu will hold the CEO reins at EOH on an interim basis until a replacement can be found for Stephen van Coller.
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EOH will announce details of a planned capital restructuring soon after it publishes its financial results later this month.
EOH Holdings should be in a position to announce its capital-raising plans when it publishes it full-year results to 31 July 2022.
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EOH Holdings said on Wednesday that it has completed its “targeted” turnaround strategy after reporting a big swing to profit. This as it reported a 20% plunge in revenue.