GasLog Ltd. Announces the Change in Certified Accountants
22 Mars 2021 - 12:15PM
GasLog Ltd. and its subsidiaries (“GasLog”, “Group” or “Company”)
(NYSE: GLOG), an international owner, operator and manager of
liquefied natural gas (“LNG”) carriers, announced today the change
in Group’s certified accountants.
On March 10 and 11, 2021, our audit committee and board of
directors, respectively, approved the engagement of Deloitte
Certified Public Accountants S.A. to audit our financial statements
for the fiscal year ending December 31, 2021, following the
expiration of the term of engagement of Deloitte LLP. The
engagement of Deloitte Certified Certified Public Accountants S.A.
remains subject to approval at our 2021 annual general meeting,
which is expected to take place after the completion of our
previously announced transaction with BlackRock's Global Energy and
Power Infrastructure Team.
Deloitte LLP’s reports on the consolidated financial statements
of GasLog, for the fiscal years ended December 31, 2020 and 2019
did not contain an adverse opinion or disclaimer of opinion, and
were not qualified or modified as to uncertainty or audit
scope.
We and Deloitte LLP did not, during the two most recent fiscal
years and the subsequent period through March 11, 2021, have any
disagreements on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure
which, if not resolved to the satisfaction of Deloitte LLP, would
have caused Deloitte LLP to make reference to the matter in its
reports on our financial statements; and there were no reportable
events as the term is described in Item 16F(a)(1)(v) of Form
20-F.
We have requested that Deloitte LLP furnish a letter addressed
to the Securities and Exchange Commission stating whether or not
Deloitte LLP agrees with the statements in this report. A copy of
such letter dated March 22, 2021 is filed as Exhibit 99.2 to this
report.
At no time during the two most recent fiscal years or the
subsequent period through March 11, 2021 did we consult with
Deloitte Certified Public Accountants S.A. regarding the
application of accounting principles to a specific completed or
proposed transaction, or the type of audit opinion that might be
rendered on the Group’s consolidated financial statements.
About GasLog
GasLog is an international owner, operator and manager of LNG
carriers providing support to international energy companies as
part of their LNG logistics chain. GasLog’s consolidated fleet
consists of 35 LNG carriers. Of these vessels, 17 (15 on the water
and two on order) are owned by GasLog, three have been sold to a
subsidiary of Mitsui & Co. Ltd., to CMB Financial Leasing Co.
Ltd. (“CMBFL”) and to ICBC Financial Leasing Co. Ltd (“ICBC”) and
leased back by GasLog under long-term bareboat charters and the
remaining 15 LNG carriers are owned by the Company’s subsidiary,
GasLog Partners LP. GasLog’s principal executive offices are at 69
Akti Miaouli, 18537 Piraeus, Greece. Visit GasLog’s website at
http://www.gaslogltd.com.
Contacts:
Joseph NelsonHead of Investor RelationsPhone: +1
212-223-0643
Email: ir@gaslogltd.com
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