2 December
2024
Beowulf Mining Plc
("Beowulf")
Change of Auditor
Beowulf (AIM: BEM; Spotlight: BEO), the
European mineral exploration and development company, announces
that following the conclusion of a formal tender process led by the
Company's Audit Committee, the Board has approved the appointment
of PKF Littlejohn LLP ("PKF") as the Company's auditor, succeeding
BDO LLP ("BDO"). PKF will conduct the audit of the Company's
financial statements for the financial year ending 31 December 2024
and a proposal to reappoint them as auditor of the Company will be
subject to the approval of shareholders at the 2025 Annual General
Meeting.
BDO has resigned and confirmed that its reasons
for ceasing to hold office are exempt reasons under Section 519A
part 3 of the UK Companies Act 2006 and that it has no matters that
should be brought to the attention of the members or creditors of
the Company.
Enquiries:
Beowulf Mining plc
Ed Bowie, Chief Executive
Officer
ed.bowie@beowulfmining.com
SP
Angel
(Nominated Adviser & Joint
Broker)
Ewan Leggat / Stuart Gledhill / Adam
Cowl
Tel: +44 (0) 20 3470 0470
Alternative Resource Capital
(Joint Broker)
Alex Wood
Tel: +44 (0) 20 7186 9004
BlytheRay
Tim Blythe / Megan Ray
Tel: +44 (0) 20 7138 3204
Cautionary Statement
Statements and assumptions made in
this document with respect to the Company's current plans,
estimates, strategies and beliefs, and other statements that are
not historical facts, are forward-looking statements about the
future performance of Beowulf. Forward-looking statements include,
but are not limited to, those using words such as "may", "might",
"seeks", "expects", "anticipates", "estimates", "believes",
"projects", "plans", strategy", "forecast" and similar expressions.
These statements reflect management's expectations and assumptions
in light of currently available information. They are subject to a
number of risks and uncertainties, including, but not limited to ,
(i) changes in the economic, regulatory and political environments
in the countries where Beowulf operates; (ii) changes relating to
the geological information available in respect of the various
projects undertaken; (iii) Beowulf's continued ability to secure
enough financing to carry on its operations as a going concern;
(iv) the success of its potential joint ventures and alliances, if
any; (v) metal prices, particularly as regards iron ore. In the
light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results
could differ materially from those presented and forecast in this
document. Beowulf assumes no unconditional obligation to
immediately update any such statements and/or forecast.