Last checked at 24 Mar 2017 07:00
24 March 2017
PZ CUSSONS PLC
Appointment of Deloitte LLP as Auditor
PZ Cussons plc ("PZ Cussons" or the "Company") today announced that the Board has approved the proposed appointment of Deloitte LLP as external auditor for the financial year commencing 1 June 2017. This follows the conclusion of a competitive tender process led by the Audit & Risk Committee. The appointment of Deloitte is subject to shareholder approval at the Annual General Meeting to be held in September 2017.
PwC, the Company's present external auditor, will continue to undertake the audit for the current financial year.
The Board extends its thanks to PwC for the support and services which it has provided over the course of its appointment.
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For further information contact:
PZ Cussons Plc | |
Brandon Leigh - Chief Financial Officer | 0161 435 1016 |
Instinctif Partners | |
Tim Linacre | 020 7457 2020 |
Notes to editors:
PZ Cussons Plc is listed on the London Stock Exchange with a market capitalisation of c. £1.4bn. The Group operates across Europe, Asia-Pacific and Africa with leading brands in Personal Care, Homecare, Electrical Goods and Food and Nutrition.
In the 2016 Annual Report, the Company announced its intention to launch a competitive audit tender process during the year ending 31 May 2017. Annual appointment of external auditors by AGM is required under UK law. UK and EU law now requires an auditor's maximum period as auditor to a listed company to be 20 years, with a competitive tender process required at least once every 10 years.