EOH CEO snaps up R8.3m of shares

Newly appointed EOH Holdings CEO Stephen van Coller is snapping up the IT services group’s shares, a regulatory filing shows.

Between October 9 and 12, Van Coller bought 250 000 shares worth a combined R8.3 million.

Van Coller’s investment is likely to signal not only to the market that he is bullish about EOH’s prospects, but also that the share, which has plunged in the past 18 months, may have bottomed. – TechCentral