JSE-listed information and communications technology company EOH has released the final terms of its rights offer that will comprise a combined capital raise from the rights issue and specific issue that will amount to R600-million and said the proceeds will be used to settle the majority of the senior bridge facility, reducing interest payments by about R100-million a year. The rights offer issue price of R1.30 represents a discount of about 30% to the theoretical ex-rights price (TERP), which is in line with the average discount to TERP of the last ten rights offers of similar sized offerings relative to market capitalisations.