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On 12 September 2025, Satsuma Technology PLC announced that Kreston Reeves LLP has resigned as the Company's auditor. The Board has commenced a formal selection process to appoint a new audit firm. A statement of circumstances connected with Kreston Reeves LLP's resignation will be sent to shareholders in accordance with Section 519 of the Companies Act 2006.
| Date | 12 Sept 2025 |
| Time | 07:00:18 |
| Category | Corporate updates |
| ID | 0492Z |
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
12 September 2025
Satsuma Technology Plc
('Satsuma' or the 'Company')
Satsuma Technology PLC Announces Auditor Transition in Line with Strategic Review
Satsuma Technology PLC (LSE: SATS) today provides an update on its corporate governance and financial oversight.
Following the appointment of a new management team in summer 2025, the Board has initiated a comprehensive review of the Company's systems, procedures, and professional advisers to ensure they align with Satsuma's future growth strategy.
As part of this forward-looking process, the Board has resolved to appoint a new audit firm. Following discussions with the Company, Kreston Reeves LLP has resigned as the Company's auditor. The Board has commenced a formal selection process to identify an audit partner best placed to support Satsuma through its next phase of development.
The Board wishes to thank Kreston Reeves LLP for their service to the Company. A further announcement regarding the appointment of a new auditor will be made in due course.
In accordance with Section 519 of the Companies Act 2006, a copy of Kreston Reeves LLP's statement of circumstances connected with their resignation will be sent to shareholders shortly, made available on the Company's website, and uploaded to the National Storage Mechanism.
ENDS
Enquiries:
|
Satsuma Technology PLC Henry Elder, CEO |
Tel: +44 (0)7747 788 221 |
|
Yellow Jersey PR Charles Goodwin / Annabelle Wills |
Tel: +44 (0)7747 788 221 / +44 (0)7775 194 357
|
|
First Sentinel Corporate Finance Limited - Financial Adviser Brian Stockbridge Paul Shackleton |
Tel: +44 (0) 20 3855 5551 |
|
Fortified Securities - Broker Guy Wheatley |
Tel: +44 (0) 7493 989014 |
Headquartered in London, the Company is a publicly listed technology company focused on decentralised finance focused artificial intelligence and Bitcoin treasury management. The Company is building and investing in AI-based decentralized infrastructure and applications and operates a treasury-first model, aligning itself with the most secure monetary network in history - Bitcoin.
Website: www.satsuma.digital