Grant Thornton17 Feb 2022 12:57
DX (Group) Plc (the Company)
Further to the requirements of section 519 of the Companies Act 2006 we are required to state the
reasons connected with our ceasing to hold office.
We are resigning due to serious concerns we have identified during our audit of the financial statements
of the Company for the year ended 3 July 2021 (which was our first year as the Company’s auditor).
That audit has not been completed. Our concerns relate to the Company’s governance and to executive
conduct, specifically arising in connection with:
(i) Actual or potential breaches of law and/or regulations by the Company and/or by an entity
in the DX (Group) Plc group and/or by employees;
(ii) The performance of the investigation and subsequent corporate governance inquiry
referred to by the Company in its announcement on 25 November 2021, and action in
response to the evidence generated by that investigation and inquiry. Our understanding is
that privilege is claimed over both the investigation and the inquiry and accordingly we
have not set out further details about them in this letter;
(iii) The provision to us of inaccurate information, which did not in our view give a full picture of
the scale and seriousness of the facts referred to in (i) and (ii) above , and the insufficient
access we have had to relevant information and documents, in relation to the matters
being investigated by the Company.
The Company’s Board has failed to make sufficient progress in addressing our concerns.
Given the significance of these matters, we do not consider it appropriate that we continue as auditors.
Auditor Name: Grant Thornton UK LLP
Auditor Address: One Valpy, 20 Valpy Street, Reading, Berkshire, RG1 1AR
Auditor Registration Number: C001110317
Yours faithfully
Grant Thornton UK LLP
Sign In
Follow the stocks
