ELB GROUP LIMITED - Notification of Change in Auditors
Notification of Change in Auditors:
Notification of Change in Auditors
ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)
NOTIFICATION OF CHANGE IN AUDITORS
Shareholders are hereby advised that KPMG Inc. (“KPMG”) has notified the Company of their resignation as external
auditors to the Company and its subsidiaries (“the Group”), effective Thursday, 28 May 2020. The board of directors of
ELB (“Board”) thanks KPMG for their many years of service to the Group.
KPMG’s resignation is attributable to the increased risk profile of the Group as a result of the current restructuring
process that is underway, which includes ELB Engineering Services (Pty) Ltd, a major subsidiary of ELB, entering
business rescue.
The Board, through the Group’s audit and risk committee, is in the process of reviewing alternative external auditors in
terms of paragraph 3.84(g)(iii) of the JSE Listings Requirements. Shareholders will be advised of the appointment of
the Group’s new external auditors in due course.
Johannesburg
29 May 2020
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 29-05-2020 04:35:00
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