Our AGM and auditor changes
At the annual general meeting (AGM) held on 7 February 2017, all the ordinary and special resolutions were approved by the requisite majority of shareholders.
The full results are available here.
Due to the fact that the re-appointment of the auditors received a 35.93% vote against the resolution, mainly due to the drive for mandatory rotation of auditing firms, we commenced a process to identify and appoint a new audit firm for approval at the AGM in 2018. The process was managed by the Audit Committee, which is tasked with identifying an auditor with the size and technical expertise to take over the full group audit. After careful consideration, PricewaterhouseCoopers Inc. have been appointed as the new company auditors and will be presented to shareholders for approval at the 2018 AGM.
As in previous years, I encourage all our shareholders to attend the upcoming AGM of The SPAR Group Ltd, which is to be held in the company’s boardroom at 22 Chancery Lane, Pinetown on Wednesday, 7 February 2018 at 09:00.
Mike Hankinson Chairman