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EOH HOLDINGS LIMITED - Further cautionary announcement

Release Date: 10/10/2019 17:25
Code(s): EOH     PDF:  
 
Wrap Text
Further cautionary announcement

EOH HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: EOH ISIN: ZAE000071072
(“EOH” or “the Company”)


FURTHER CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the initial cautionary announcement released on SENS on 19 February 2019 and
the further cautionary announcements released thereafter, the last of which was released on 28 August 2019.

Following the release of the interim update on the forensic investigation by ENSafrica on 16 July 2019, the
board has now substantially completed the investigation into the R1.2 billion of suspicious transactions which
were identified during the investigation. The ENSafrica investigation found evidence of a number of
governance failings and wrongdoing at EOH, including unsubstantiated payments, tender irregularities and
other unethical business practices which are primarily limited to the public sector business centralised in EOH
Mthombo (Pty) Ltd and to a limited number of EOH employees.

ENSafrica have assisted EOH in submitting further reports to the authorities in line with our statutory reporting
obligations, and well beyond, as well as proceeding with criminal charges and other legal processes to recover
losses caused by the perpetrators of wrongdoing.

EOH has also now assessed the current anticipated financial impact of the findings and will announce the
details thereof and progress on the investigation outcomes in its results announcement for the year ended
31 July 2019, on 15 October 2019.

Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's
securities until a further announcement is made.

10 October 2019


Sponsor
Java Capital

Date: 10/10/2019 05:25:00
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