WHL: WOOLWORTHS HOLDINGS LIMITED - Notification of change in external auditor
March 24, 2021 at 08:17 am EDT
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WHL: WOOLWORTHS HOLDINGS LIMITED - Notification of change in external auditor
WHL: WOOLWORTHS HOLDINGS LIMITED - Notification of change in external auditor
Notification of change in external auditor
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
LEI: 37890095421E07184E97
Share code: WHL
Share ISIN: ZAE000063863
Bond code: WHLI
('the Company')
NOTIFICATION OF CHANGE IN EXTERNAL AUDITOR
Shareholders and Bondholders are advised that, following the conclusion of a tender process, the
Audit Committee has recommended, and the Board has endorsed, the proposed appointment of
KPMG Inc. to succeed Ernst & Young Inc. (`EY´) as the Group´s external auditor, effective for the
52-week financial period ending 26 June 2022.
The proposed appointment will be put to shareholders at the Annual General Meeting of the
Company, scheduled for November 2021 (`2021 AGM´).
The change in external auditor is due to the Board´s decision to adopt mandatory audit firm rotation
ahead of the prescribed date. EY will continue to audit the Company´s accounts in respect of the
52-week financial period ending 27 June 2021 and EY´s term as external auditor will end on
conclusion of the 2021 AGM.
EY will have served as the Company´s external auditor for a period of 89 years. The Board and Audit
Committee thank EY for their contributions over the years and look forward to working with KPMG
Inc.
Contact:
ReezaIsaacs@woolworths.co.za
(Group Finance Director)
JeanineWomersley@woolworths.co.za
(Investor Relations)
InvestorRelations@woolworths.co.za
Cape Town
24 March 2021
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 24-03-2021 12:25:00
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2021-03-24 12:25:00 Source: JSE News Service (SENS)
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Woolworths Holdings Ltd. published this content on 24 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2021 12:16:03 UTC.
WoolWorths Holdings Limited is one of the South African leaders in retailing. Net sales break down by activity as follows:
- distribution of clothes and consumer products (49.3%): clothes for men, women and children, shoes, beauty products, accessories and homeware;
- distribution of food products (47.3%);
- other (3.4%): primarily financial services.
At the end of June 2021, the group had a network of 1,279 stores broken down by name into WoolWorths (545), Country Road (689) and David Jones (45).
Net sales break down geographically as follows: South Africa (61.4%), Africa (2.5%), Australia and New Zealand (36.1%).