We are pleased to share with you today the results of our holding company’s very successful rights offer and outline the impact it will have on EOH Group.

EOH has successfully completed a R600 million capital raise with overwhelming support from our shareholders. The rights issue was significantly oversubscribed, which, in this challenging economic environment, is an incredible vote of confidence in our business, our strategy, and our people.

The positive implication of this is that we can now operate as a normalised business. With an optimised capital structure, we can continue our good momentum by investing for growth, with the whole team focused on delivering industry-leading and innovative technology solutions for our clients, coupled with quality delivery and customer-centricity.

EOH recently received the Top Employer certification from the Top Employers Institute, the global authority on recognising excellence in people practices. We are very proud of this international acknowledgement, and we will continue to invest in our people by attracting and retaining leading talent to serve you and your business.

We would like to express our sincere thanks for your support for XTND, proudly EOH, and the confidence you have shown in us and our technology solutions, while the company has been operating under challenging and uncertain conditions. We acknowledge you and your support; without you, we would not be in this position today.

We look forward to strengthening our partnership with you through co-creation, trust, and excellence.

To read the full SENS announcement, click here.

Warm regards

Servaas & Management Team