Enhanced Investments - Financial Portal

Notification of change in external auditor

Published: 2022-06-23 11:30:49 ET

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/027663/06)
JSE Alpha code: CGRI1
(“the Company”)




NOTIFICATION OF CHANGE IN EXTERNAL AUDITOR


In terms of paragraph 6.28 of the Debt Listings Requirements, debtholders are advised that,
following the conclusion of a tender process, the Audit and Risk Committee has
recommended, and the board of directors of the Company has endorsed, the proposed
appointment of Mazars as the Company’s external auditor, with Gerhard de Beer acting as
the designated audit partner, for the ensuing financial year ending 28 February 2023 or until
the annual general meeting (“AGM”) to be held in 2023, whichever is later, thereby replacing
the Company’s current external auditor, PricewaterhouseCoopers Inc. (“PwC”).

Shareholders will be requested to approve the above appointment at the Company’s 2022
AGM, details of which will be communicated to shareholders in due course, which
appointment, if approved by shareholders, will be effective from the date of the 2022 AGM.

The Company’s current external auditor, PwC, will complete the audit of the Company and its
subsidiaries’ annual financial statements for the financial year ended 28 February 2022.

The change in external auditor was initiated by the Company to early adopt mandatory audit
firm rotation.

Johannesburg
23 June 2022

Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.