A cryptic EOH SENS notice on Friday sparked speculation that a boardroom brawl may be brewing at the technology service provider.
EOH informed shareholders that it “has been approached by certain shareholders regarding the succession plan for the board”.
EOH did not provide a reason for her resignation. It also did not say which shareholders approached the board or what is meant by a “succession plan for the board.” The company was under pressure because of its growing debt burden, reports of corruption and mismanagement, and poor corporate governance.
Shareholders also had to fork out a lot of money in a rights issue in 2023 or face significant dilution.
EOH Headline Megan Pydigadu Stephen Van Coller Investing
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