17 Oct 2018 07:00
17 October 2018
JKX Oil & Gas plc ("JKX" or "the Company")
Appointment of BDO LLP ("BDO") as auditor
JKX announces that BDO are proposed to be appointed as auditors with effect from 18th October 2018 and will undertake the audit for the financial year ending 31 December 2018.This follows a competitive tender process for its statutory audit contract, overseen by the Audit Committee of JKX resulting in a recommendation which was approved by the JKX Board. The appointment of BDO will be subject to approval by the shareholders of JKX at the 2019 Annual General Meeting.
PricewaterhouseCoopers LLP ("PwC"), resigned on 11 October 2018, following the outcome of the tender, and in accordance with Section 519 Companies Act 2006 PwC have deposited a statement with the directors of JKX of the reasons connected with them ceasing to act as auditors of the Company. A copy of the statement received from PwC has been sent to all shareholders in accordance with Section 520 (2) Companies Act 2006 and will also be available to view on the Investor Relations section of the Company`s website at www.jkx.co.uk
Adrian Coates, Chairman of JKX's Audit Committee, said "We would like to thank PwC for its contribution to JKX and the work it has carried out during its time as auditor. We have conducted a thorough audit tender process to ensure that our requirements in terms of sector knowledge and experience, coupled with geographical reach, continue to be met. We look forward to working with BDO."
For more information:
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker