The Nielsen Network2022-12-09T07:59:45+02:00EOH's 92% increase operating profit endorses Investment case for upcoming rights issue.
Following EOH's recent robust full year results announcement, the group unveiled that it is now seeking approval from its shareholders for R600m equity raise to reduce its debt financing costs.
In a show of confidence Lebashe Investment Group, EOH's strategic partner since 2018 has signed irrevocable undertakings to follow its rights on the shares it currently owns, which represents 13.06% of the issued share capital, as well as invest a...