RE: Petropavlovsk PLC : Statement of Reasons for resignation of auditor6 Jul 2022 20:29
5. The Company’s management and those charged with its governance have approached us to provide
urgent tax advisory services in connection with its attempt to sell operating subsidiaries and rationalise
intra-Group debt, and wish us to accept the appointment in order that this firm may apply its existing
knowledge of the Group in the provision of those services with a view to assisting the Company in its
efforts to achieve the best possible outcome for all stakeholders. We have informed the Company that
we are unable to perform these services whilst serving as its auditors due to the applicable ethical
standards. In view of the considerations above, however, we have decided to tender our resignation as
auditors and accept this engagement.
In addition to resignation reasons outlined above we consider that the following matters ought to be brought
So from that if I’m correct the auditors are discussing sales of operating subsidiaries on behalf of pog