Adcorp: Notification of Change of External Auditor


(Incorporated in the Republic of South Africa) Registration Number: 1974/001804/06

Sharing code: ADR

ISIN Code: ZAE000000139

(“Adcorp“or the”Company“)


Pursuant to paragraph 3.78 of the JSE Limited Listing Requirements, shareholders 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 approved the proposed appointment of KPMG Inc. . (“KPMG“) as external auditor of Adcorp, with Giuseppina Aldrighetti as appointed audit partner, for the following financial year ending February 28, 2023 or until the annual general meeting (“AGM“) to be held in 2023, whichever is later, replacing the Company’s current external auditor, Deloitte & Touche (“Deloitte“).

Shareholders will be asked 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 AGM 2022.

Deloitte will continue to act as Adcorp’s external auditor for the current fiscal year ending February 28, 2022.

The change of external auditor was initiated by the Company in order to adopt in advance the mandatory rotation of audit firms.


June 27, 2022


PSG Capital


Adcorp Holdings Limited published this content on June 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 27, 2022 3:34:06 PM UTC.

Shirlene J. Manley