20 December 2022
Enwell Energy plc
("Enwell" or the "Company")
Resignation of Auditor
and Posting of Statement of Reason to Shareholders
Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, announces that it has received notice of resignation from PricewaterhouseCoopers LLP as its Auditor.
PricewaterhouseCoopers LLP provided a statement of the reason for its decision to cease to hold office as the Company's auditor, which was that the Company no longer meets PricewaterhouseCoopers LLP's audit client acceptability criteria as a result of the imposition of the restrictive measures (sanctions) against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022. A copy of this statement will be posted to shareholders as required by section 520(2) of the Companies Act 2006, and will shortly be available on the Company's website at www.enwell-energy.com.
The Company is seeking to appoint a new Auditor and a further announcement in this regard will be made in due course.
For further information, please contact:
| Enwell Energy plc | Tel: 020 3427 3550 |
| Chris Hopkinson, Chairman | |
| Sergii Glazunov, Chief Executive Officer | |
| Bruce Burrows, Finance Director | |
| | |
| Strand Hanson Limited | Tel: 020 7409 3494 |
| Rory Murphy / Matthew Chandler | |
| | |
| Arden Partners plc | Tel: 020 7614 5900 |
| Ruari McGirr (Corporate Finance) | |
| Simon Johnson (Corporate Broking) | |
| | |
| Citigate Dewe Rogerson | Tel: 020 7638 9571 |
| Ellen Wilton | |
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