EOH Holdings saw its share price fall sharply on Thursday after issuing a trading update that disappointed investors.
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EOH Holdings chief financial officer Megan Pydigadu has tendered her resignation.
Reunert-owned IT systems integrator +OneX has bought MMC, a privately owned security and managed services provider.
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 expects to generate an operating profit from continuing operations of as much as R120-million in the six months ended 31 January 2023.
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.