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Editor's choice

DLA Piper advises EOH on rights issuance and restructuring

DLA Piper has advised EOH Holdings Limited (EOH) on its capital raising, comprising of a renounceable rights offer of ZAR500 million made to its qualifying shareholders and a specific issue for cash of ZAR100 million to its strategic shareholder, the Lebashe Investment Group. With the unanimous support of shareholders for the issuance, demand exceeded ZAR1 billion.