The EOH Holdings CEO unpacks what’s happening at the IT services group, including its upcoming rights issue.
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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 has announced details of its plan to go to shareholders for cash to resolve its legacy debt issues, sending its share price sliding to a multi-year low.
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.
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