EOH has agreed to cough up R112-million with immediate effect, forcing the group to increase its borrowings.
Browsing: Stephen van Coller
Andrew Mthembu will hold the CEO reins at EOH on an interim basis until a replacement can be found for Stephen van Coller.
EOH Holdings has warned of tough trading conditions in a statement to shareholders.
EOH CEO Stephen van Coller will step down in March. By his own admission, the job was not what he expected it to be.
EOH CEO Stephen van Coller, who is credited with cleaning up a nest of corruption at the group, will step down in March.
EOH Holdings saw its share price fall sharply on Thursday after issuing a trading update that disappointed investors.
EOH Holdings chief financial officer Megan Pydigadu has tendered her resignation.
Shares in JSE-listed EOH Holdings rose more than 5% after the IT services group reported its first financial results following its recent rights issue.
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.