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On 20 February 2024, Wildcat Petroleum Plc announced the appointment of Macalvins Ltd as its new auditor, subject to shareholder approval. This follows the resignation of previous auditor, Shipleys LLP, which had advised the company in December 2023 of its decision to withdraw from providing audit services to Public Interest Entities and confirmed no circumstances under Section 519 of the Companies Act 2006.
| Date | 20 Feb 2024 |
| Time | 14:23:07 |
| Category | Corporate updates |
| ID | 8085D |
20 February 2024
Wildcat Petroleum Plc
("Wildcat", "WCAT" or the "Company")
Change of Auditor
Wildcat Petroleum plc (LSE: WCAT), a company targeting investment opportunities in business and assets within the upstream sector of the petroleum industry, is pleased to announce the appointment of Macalvins Ltd ("Macalvins"), as auditor to the Company. The appointment of Macalvins will be subject to approval by shareholders at the next Annual General Meeting of the Company.
Macalvins are Chartered Accountants and Registered Auditors who are part of the Macalvins Group of Companies, with offices in London, India and South Africa employing over 350 principals and staff. They help a variety of individual and corporate clients and are a member of Prime Global (The Association of Advisory and Accounting Firms).
The appointment of Macalvins follows the resignation of previous auditor, Shipleys LLP who advised the Company in December last year that it had decided to withdraw from providing audit services to a Public Interest Entity ("PIE"). Wildcat is classified as a PIE due to its Standard Listing on the London Stock Exchange's Main Market.
Shipleys LLP confirmed then that there were no circumstances connected with their ceasing to hold office which they consider should be brought to the attention of the members or creditors of the company in accordance with Section 519 of the Companies Act 2006.
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