07/06/2016
Current Report No. 52/2016: Appointment of financial auditor
The Management Board of KRUK S.A. of Wrocław (the “Company”) announces that on June 7th 2016 the Company’s Supervisory Board, acting pursuant to Art. 388.3 of the Commercial Companies Code as well as Art. 13.4 and Art. 14.2.17 of the Company’s Articles of Association, passed a resolution to appoint auditing firm Ernst & Young Audyt Polska spółka z ograniczoną odpowiedzialnością spółka komandytowa of Warsaw (“Ernst & Young Audyt Polska”) to audit the full-year separate financial statements of KRUK S.A. for the financial year ended December 31st 2016 and the consolidated financial statements of the KRUK Group for the financial year ended December 31st 2016. The resolution comes into force on June 7th 2016. The agreement to be concluded with the auditor will also provide for a review of the half-year financial statements of KRUK S.A. for the six months ended June 30th 2016 and of the half-year consolidated financial statements of the KRUK Group for the six months ended June 30th 2016.
Ernst & Young Audyt Polska has its registered office at Rondo ONZ 1, 00-124 Warsaw, Poland. The firm is entered in the list of entities qualified to audit financial statements under entry number 130.
The Company has already engaged the services of Ernst & Young Group companies with respect to the audit of the separate financial statements of KRUK S.A. for the financial year ended December 31st 2014 and 31st 2015, audit of the consolidated financial statements of the KRUK Group for the financial year ended December 31st 2014 and December 31st 2015; review of the half-year separate financial statements of KRUK S.A. for the six months ended June 30th 2014 and June 30th 2015 and review of the half-year consolidated financial statements of the KRUK Group for the six months ended June 30th 2014 and June 30th 2015, all of which were performed by Ernst & Young Audyt Polska; market analysis services performed by Ernst & Young spółka z ograniczoną odpowiedzialnością Corporate Finance sp.k., and tax advisory services rendered by Ernst & Young sp. z o.o. In addition, training services were performed by Ernst & Young Academy of Business Sp. z o.o. and Ernst & Young Audyt Sp. z o.o.
The qualified auditor of financial statements was selected in compliance with the applicable regulations and professional standards.
The Supervisory Board agreed to the Management Board entering into an agreement with Ernst & Young Audyt Polska to the extent necessary to carry out the activities specified in this report.
The agreement with the auditor will be made for a period necessary to perform these activities.
Legal basis: Par. 5.1.19 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]