EOH HOLDINGS LIMITED - EOHs R1 Billion BEE Transaction Advances, R250 Million Second Tranche Payment Received & BEE Shareholding Increases

EOH’s R1 Billion BEE Transaction Advances, R250 Million Second Tranche Payment Received & BEE Shareholding Increases

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


EOH’S R1 BILLION STRATEGIC BLACK ECONOMIC EMPOWERMENT (“BEE”) TRANSACTION
ADVANCES, R250 MILLION SECOND TRANCHE PAYMENT RECEIVED
AND BEE SHAREHOLDING INCREASES

Unless otherwise defined, capitalised words and terms contained in this announcement shall bear the
meanings ascribed thereto in the circular to EOH shareholders dated Monday, 20 August 2018
(“Circular”).

EOH Shareholders are referred to the Circular and the announcement published on SENS on Monday,
1 October 2018, relating to, inter alia:

    -   the strategic partnership and BEE transaction between EOH and Lebashe (“Transaction”)
        becoming wholly unconditional and being implemented;
    -   receipt by EOH of R500 million from Lebashe pursuant to the Initial Subscription and the First
        Tranche of the Subscription Undertaking; and
    -   the issue by EOH of the Subscription EOH Ordinary Shares, the Subscription EOH A Shares
        and the First Tranche to Lebashe.

EOH is pleased to advise that, following receipt by EOH of R250 million from Lebashe pursuant to the
Second Tranche of the Subscription Undertaking, a further 8 346 199 (eight million three hundred and
forty six thousand one hundred and ninety nine) EOH Ordinary Shares have been issued to Lebashe.

Lebashe now holds 62 760 193 (sixty two million seven hundred and sixty thousand one hundred and
ninety three) EOH Shares, amounting to 29.0% of the total EOH Shares in issue (including Treasury
Shares and EOH A Shares), further increasing the total black shareholding of the Group. EOH retains
its status as a Level 1 rated BEE company.

Stephen van Coller, EOH’s Chief Executive Officer, said “We are pleased that our partnership with
Lebashe continues to advance successfully. Not only has our BEE shareholding increased, the
additional R250 million cash injection allows us to direct additional funds to improving our balance
sheet, while enhancing the long-term strategic partnership between EOH and Lebashe.”


Johannesburg
11 December 2018

Corporate Advisor and Transaction Sponsor to EOH on the Transaction
One Capital

Attorneys to EOH on the Transaction
Cliffe Dekker Hofmeyr Inc.




                                                                                                    

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