CHROMETCO LIMITED CHROMETCO LIMITED
(Incorporated in the Republic of South Africa) (Registration number 2002/026265/06) Share code: CMO
ISIN: ZAE007020249
("Chrometco" or "the Company")
RESIGNATION OF EXTERNAL AUDITOR
In accordance with the JSE Limited Listings Requirements, a listed company is required to advise shareholders once it receives notice from its external auditor of its resignation.
Chrometco hereby advises shareholders that its external auditor, Moore Cape Town Inc. ("Moore Cape Town") has resigned as external auditor of the Company with immediate effect.
The reasons for Moore Cape Town's resignation are that, in their view:
- a self-interest threat exists that cannot either be addressed or mitigated to an acceptable level of risk; and
- the engagement is classified as high risk and they are unable to adequately address this level of risk in their audit planning and approach.
Moore Cape Town's resignation will unfortunately have a negative impact on the release of Chrometco's reviewed provisional results and annual financial statements for the year ended 28 February 2022. The board of the Company will advise shareholders once it has made a decision with regards to the appointment of a new external auditor and the expected timeline of release of the abovementioned results.
Johannesburg
27 June 2022
Designated Advisor
PSG Capital
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Chrometco Limited published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 15:34:06 UTC.
