Auditor Transition in Line with Strategic Review
Auditor Kreston Reeves LLP resigned; Board to appoint new audit firm following strategic review.
Select text to share a quote on X · sign in to keep highlights & notes in your SATS notes
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.