Univid ASA ("Univid" or the "Company") has received a notice from its elected
auditor, Plus Revisjon AS, that it will withdraw from the position on 26 January
2024 unless a new auditor has been appointed by that time.
The background for the notice of resignation is inter alia that the auditor
considers that the liquidity of the Company is less than adequate based on the
risks and extent of the Company's business, and that the Company has challenges
related to reconciliation and documentation for significant balance sheet items,
as well as in relation to satisfactory control with accounts and capital
management. The Company takes this into consideration and will continue its to
work to improve liquidity and the process for financial reporting and internal
control.
Univid believes that the auditor's decision follows on the coattails of the Oslo
Stock Exchange resolution to delist the company and that this has directly
impacted the auditor's decision to issue a notice of resignation.
The Board of Directors will start the process of identifying a new auditor, and
will, in due course, call for an extraordinary general meeting to elect a new
auditor.
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The information in this announcement is considered to be inside information
pursuant to the EU Market Abuse Regulation. This stock exchange announcement was
published by Roger Lund, Managing Director, at the time and date provided.