EOH successfully concludes R600m rights offer to reduce debt
13 February 2023 - 20:03
EOH boss Stephen van Coller is breathing a huge sigh of relief as the technology group successfully raised R600m through a rights offer that ended last week.
On Monday, the group said its rights offer — when a company offers more of its shares to existing shareholders, usually to raise extra capital — has been oversubscribed with R500m raised “despite the current tough market conditions”. Total demand, including the underwriters’ commitments, was R1.03bn...
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