Essentially Group PLC Change of Auditor (7622C)

TIDMESSN

RNS Number : 7622C

Essentially Group PLC

15 June 2023

ESSENTIALLY GROUP PLC

("Essentially" or "the Company")

Change of Auditor

Essentially Group PLC (AQSE: ESSN) a leading health food company in the UAE delivering high quality nutrition (wellness shots, functional juices, lemonades, nut milks, single origin fruit juices and healthy snacks) to its customers, is pleased to announce that the Board has approved the appointment of MAH Chartered Accountants ("MAH") as auditors to the Company with immediate effect.

Gravita Audit Limited has notified the Company that, it does not currently have sufficient capacity to satisfy its regulatory requirements in respect of its engagement with the Company and is, therefore, required to resign as auditor.

Gravita Audit Limited has confirmed that there are no circumstances connected with their resignation which they consider should be brought to the attention of the Company's members or creditors in accordance with Section 519 of the Companies Act 2006.

The Company will change its year end to 31 December to be aligned with its subsidiaries. Therefore, the first annual results for the Group will be for the period ending 31 December 2023, which will be released on or before 30 June 2024. The audited results for the trading subsidiary, Essentially Juices Manufacturing LLC, for the year ended 31 December 2022 are currently being finalised, and the Group will release a summary of these results by way of a trading update on or before 30 June 2023.

The Directors accept responsibility for this announcement.

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For further information, please contact:

 
 Essentially Group Plc 
 Raja W Abuljebain, CEO                          Tel: +97156 6440676 
                                          https://essentiallyplc.com 
 AQSE Exchange Corporate Adviser 
 Alfred Henry Corporate Finance 
  Ltd 
 Nick Michaels                             Tel: +44 (0) 20 3772 0021 
                                                 www.alfredhenry.com 
 Broker 
 Clear Capital Markets Ltd 
 Andrew Blaylock                            Tel: +44 (0)20 3869 6082 
                                   https://clearcapitalmarkets.co.uk

About Essentially Group PLC

Essentially's mission and strategy is the acquisition, holding and development of companies active in the health food and beverages market. Essentially's wholly owned operating subsidiary in the United Arab Emirates ("UAE"), Essentially Juices Manufacturing LLC ("EJM"), offers premium quality wellness shots, functional juices, lemonades, nut milks, single origin fruit juices and healthy protein snacks. EJM has a manufacturing facility in Dubai where the beverages are produced and is active in the UAE and Kingdom of Saudi Arabia fruit and vegetable juice market.

For more information on the Company please visit https://essentiallyplc.com/

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(END) Dow Jones Newswires

June 15, 2023 02:00 ET (06:00 GMT)

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