PEMBURY LIFESTYLE GROUP LIMITED Incorporated in the Republic of South Africa
(Registration number 2013/205899/06) Share code: PEM ISIN: ZAE000222949 ("PLG" or "the Company" or "the Group")
FURTHER RENEWAL OF CAUTIONARY ANNOUNCEMENT
1. Introduction
1.1. Shareholders are referred to the cautionary announcements relating to the Former Auditors, the last of which was released on SENS on 25 February 2022 ("Former Auditors Cautionary").
1.2. Terms defined in the Former Auditors Cautionary shall, unless otherwise stated, bear the same meaning in this announcement.
2. Former Auditors Cautionary
2.1. The Chief Executive Officer ("CEO") is, further to part payments having been made to both
Moore and Abacus, still in negotiations with both entities as the Company awaits funds from two of its properties.
2.2.
PLG has been negotiating with Moore to consider their reappointment, which will be in the best interests of the Company. The CEO has been negotiating with Moore for them to accept the engagement proposal and complete the audits of the financial years ended 31 December 2019, 31 December 2020 and 31 December 2021. At this stage a preliminary agreement has been reached. PLG is in the process of raising funds in order to settle the historical debt owing and fund the completion of the above-mentioned financial years audits.
3. Renewal of the Former Auditors Cautionary
In light of the aforementioned information, shareholders are advised to continue exercising caution when dealing in the Company's securities until a further announcement is made.
Johannesburg
11 April 2022
Designated Adviser
Merchantec Capital
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Pembury Lifestyle Group published this content on 11 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 06:28:08 UTC.