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ASTRAL FOODS LIMITED
“Astral” or the “Company”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757
APPOINTMENT OF FUTURE AUDIT FIRM
Shareholders are advised that in accordance with the mandatory
audit firm rotation rule issued by the Independent Regulatory
Board for Auditors ("IRBA"), Astral’s Board has endorsed the
recommendation by its Audit and Risk Committee, following a
comprehensive tender process, to appoint Deloitte Inc
(“Deloitte”) as the external auditors of Astral, with effect
from the financial year starting 1 October 2023.
Astral intends to propose an indicative non-binding resolution
at its 2023 Annual General Meeting (AGM) for the appointment of
Deloitte, with effect from the 2024 financial year, although
the official appointment would be made at the Astral 2024 AGM.
The incumbent external auditors, PricewaterhouseCoopers Inc.
("PWC"), will continue to act as external auditors of
Astral for the financial years ending 30 September 2022 and 30
September 2023. PwC’s appointment will be terminated upon the
conclusion of the audit of the financial year ending 30
September 2023 in accordance with the mandatory audit firm
rotation rule issued by IRBA.
Astral will release a further announcement once shareholder
approval in respect of Deloitte’s appointment has been
obtained.
Pretoria
15 August 2022
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited
