Stack Capital Group Inc. Announces Change of Independent Auditor
September 27 2024 - 3:30PM
Stack Capital Group Inc., (“Stack Capital” or the “Company”)
(TSX:STCK) today announced that it has engaged MNP LLP as its
independent auditor, replacing PwC LLP, effective as of September
27, 2024. The decision to change auditors was approved by the Audit
Committee of Stack’s Board of Directors following a thorough
evaluation process.
During the period of PwC LLP’s engagement, there
were no disagreements on any matters of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedures that, if not resolved to the satisfaction of PwC LLP,
would have caused them to make reference to the matter in their
reports.
About MNP LLP
MNP LLP is one of Canada's largest professional
services firms, recognized for its deep expertise in audit, tax,
and consulting services. With a strong presence across the country,
MNP LLP serves a diverse range of industries, offering tailored
solutions to meet the unique needs of public and private companies.
Known for their client-focused approach, MNP LLP combines technical
proficiency with industry-specific knowledge, ensuring
high-quality, reliable audits that adhere to the highest standards
of accuracy and transparency. Their commitment to integrity and
excellence has earned them a trusted reputation among clients and
within the financial community.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares on the TSX. At the same time, the
public structure also allows the Company to focus its efforts on
maximizing long-term performance through a portfolio of high growth
businesses, which are not widely available to most Canadian
investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
Note on Forward-Looking Information and
Statements
This press release contains forward-looking
statements that involve risks and uncertainties, including
statements regarding the anticipated benefits of the change in
auditors. Actual results may differ materially from those expressed
or implied in such statements due to various factors. Stack Capital
Group Inc. undertakes no obligation to update any forward-looking
statements, except as required by law.
For more information, please visit our website at
www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development, and Investor
Relations647.280.3307brian@stackcapitalgroup.com
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