| Tue 12 Feb 2019, 13:41 | | EOH HOLDINGS LIMITED - Microsoft Channel Partner Agreement |
|
EOH 201902120032A
Microsoft Channel Partner Agreement
EOH HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/014669/06)
Share code: EOH ISIN: ZAE000071072
("EOH")
MICROSOFT CHANNEL PARTNER AGREEMENT
EOH has been advised that Microsoft has given notice of its intention to terminate its Channel Partner
Agreement with EOH Mthombo, one of the group's subsidiaries, with 30 days notice. At this stage, EOH has
not been provided with any reason for the notice of termination.
The effect of this notice, if acted on, will be that Group subsidiary company, EOH Mthombo, will no longer
be a direct reseller of Microsoft licences with a profit impact of approximately R10million in the current
financial year. However, Microsoft remains an important part of EOH's network of the more than 50
technology partners within the EOH Group and resolution of this matter is a priority.
EOH has initiated plans to ensure minimal disruption to customers and to limit the potential impact on the
business, until more clarity has been obtained. In this regard, EOH Group CEO, Stephen van Coller is actively
engaging Microsoft to better understand and resolve this matter as soon as practically possible.
Additional announcements will be made as soon as more detailed information is available.
Johannesburg
12 February 2019
Sponsor
Merchantec Capital
Date: 12/02/2019 01:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
