South Africa’s iOCO Completes Share Repurchase, Bolstering Capital for Strategic Growth

iOCO Limited,  formerly known as EOH Holdings Limited, has announced the successful repurchase of 1 947 358 of its shares, representing 0.3% of the company’s issued share capital. The repurchase was conducted under the general authority granted by shareholders at the annual general meetings held on 27 November 2024 and 23 May 2025.

The repurchase programme took place between 1 August and 28 November 2025, with shares bought at prices ranging from 395 cents to 460 cents per share, at a total cost of R7 958 241, excluding transaction fees. All repurchased shares are held as treasury shares, bringing the total number of treasury shares to 4 033 965.

Following the repurchase, iOCO retains the authority to repurchase up to 61 860 984 ordinary shares, representing 9.7% of the total issued share capital at the time the general authority was granted. The repurchase was executed through the JSE order book, without any prior arrangements with counterparties, and funded entirely from the Group’s available cash resources.

The board of iOCO confirmed that the repurchase does not compromise the company’s financial position. The Group remains solvent and liquid, with assets exceeding liabilities, adequate share capital and reserves, and sufficient working capital for ordinary business operations. The company also passed the solvency and liquidity test, and there have been no material changes to its financial position since the assessment.

The repurchase programme was initially announced on SENS on 1 August 2025, in compliance with JSE Listings Requirements and prior to the commencement of a closed period. The board noted that the impact of the repurchase on other areas of the company’s financial information is immaterial.