Investor Update: Grant Thornton appointment
19 June 2017 – United Cacao Limited SEZC (“UCL” or the “Company”), the cacao plantation company headquartered in the Cayman Islands and operating in Peru, provides the following update. Over the last several months, the board of directors of the Company (the “Board”) and local management have interviewed several candidates to replace TMF Peru S.R.L. (“TMF”) in providing accounting, payroll, tax and related services to the Company’s Peruvian subsidiaries, Cacao del Peru Norte SAC ("CDPN") and Cooperativa de Cacao Peruano SAC (“CCP”). After a lengthy and comprehensive selection process, the Company is pleased to announce that CDPN retained Grant Thornton BPS S.A.C (“Grant Thornton”) to replace TMF. The Board expects that TMF and Grant Thornton will work cooperatively and expeditiously to transition these essential services from the TMF platform to that of Grant Thornton with minimal disruption. The Board will provide further updates as necessary.