New shares will be offered in the ratio of 227 rights offer shares for every 100 ordinary shares held, the IT services group said.
Browsing: Stephen van Coller
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 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.
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.
Reunert would consider an acquisition of EOH Holdings if the listed IT services group was put up for sale, CEO Alan Dickson has told TechCentral.
If a sale is being seriously considered, it’s worth asking: who would want to buy EOH, and who could afford it?
EOH Holdings CEO Stephen van Coller is considering a sale of the IT services firm after returning the group to profitability, sources said.