EOH FD John King has acquired 11 300 shares in the company, in open market purchases that combined cost him R923 615.
King paid between R81.15 and R82.06 for the shares on the last day of March, the group said in a statement to shareholders yesterday. EOH's shares closed at R83.50 yesterday, after declining R1 during trade.
EOH's share price has been steadily gaining ground over the past few years to reach a point where it now has a market capitalisation of almost R9.5 billion.
Three years ago, it was worth R17.70 and has been trending upwards, apart from a slight dip at the end of January, when it dropped to R75.67, before reaching a 52-week high of R90 on 7 March.
For the half year to January, EOH again reported revenue and bottom line gains, a trend that has been consistent over the past few years.
In the first half of the year, turnover gained 38.4%, to R3.3 billion, while profit after tax improved 49.4%, to R244 million.
According to Bloomberg's Businessweek, King has been an executive director at EOH since March 2008.
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