EOH Holdings chief financial officer Megan Pydigadu has tendered her resignation.
Browsing: Stephen van Coller
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.
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.