Key Update on Audit Company Changes for PST Group AB
Resolutions from the Extraordinary General Meeting
Recently, PST Group AB held an Extraordinary General Meeting of Shareholders, where critical decisions were made concerning the company's future. One of the main resolutions involved the appointment of a new audit company, along with setting the fees for their services.
Change of Audit Company
The shareholders voted to revoke the previous appointment of KPMG Baltics UAB as the audit firm. This was a significant shift, as KPMG had been in place since early March. The company acknowledged that moving forward with a different auditing entity would better align with their operational goals.
New Audit Firm Appointment
In place of KPMG, Grant Thornton Baltic UAB was appointed as the new audit company for PST Group AB. This decision reflects the company's commitment to maintaining high standards of financial oversight. Grant Thornton will be responsible for auditing the financial statements for the years 2025 and 2026, bringing with it a wealth of experience in the industry.
Audit Service Fees
Along with the change in auditing firms, the shareholders agreed on the financial terms of this new relationship. The fee for Grant Thornton Baltic UAB's services was set at a maximum of EUR 103,500, excluding VAT. This fee structure is designed to ensure that PST Group AB receives thorough and professional audit services while managing expenses responsibly.
Company Contact Information
If you have any inquiries regarding these changes, you can reach out to the company's CEO, Tomas Stukas. PST Group AB is eager to maintain transparency with its shareholders during this transition.
Contact Details
For further information, please contact:
Tomas Stukas,
CEO of PST Group AB,
Phone: +370 618 21360.
Frequently Asked Questions
What was the purpose of the Extraordinary General Meeting?
The meeting was held to discuss significant changes, primarily the appointment of a new audit firm and associated service fees.
Why was KPMG Baltics UAB replaced?
The shareholders believed that a change was necessary to align with the company's evolving financial needs and strategies.
Who is the new audit company?
The new audit company appointed is Grant Thornton Baltic UAB, which will handle the financial audits for 2025 and 2026.
What are the fees for the new audit services?
The fees were set at a maximum of EUR 103,500 plus VAT for the years 2025 and 2026.
How can shareholders contact the company for more information?
Shareholders can reach out to CEO Tomas Stukas at the provided phone number for any inquiries regarding these changes.
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