28 Apr 2016 11:35
28th April 2016
ST. MODWEN PROPERTIES PLC
("St. Modwen" or the "Company")
Notification of Change of Auditor
St. Modwen Properties PLC (LSE: SMP), the UK's leading regeneration specialist, today announces its intention to recommend to shareholders the appointment of KPMG LLP ("KPMG") as its external auditor for the financial year ending 30th November 2017.
As disclosed in the Company's 2015 Annual Report, the Audit Committee determined that the external audit would be put out to competitive tender in 2016 in line with regulatory requirements. That tender has now concluded, resulting in a recommendation by the Audit Committee to the Board to appoint KPMG.
A resolution to approve the appointment of KPMG will be put to shareholders at the Company's AGM in 2017. The Company's current auditor, Deloitte LLP, will remain in post for the financial year ending 30th November 2016.
Ian Bull, Chairman of the Audit Committee, commented: "We are grateful to Deloitte for their contribution as St. Modwen's auditor and we look forward to working with KPMG".
ENQUIRIES:
St. Modwen Properties PLC | Tel: 0121 222 9400 |
Bill Oliver, Chief Executive | www.stmodwen.co.uk |
Rob Hudson, Group Finance Director | |
Charlotte McCarthy, Head of PR and Communications | |
FTI Consulting | Tel: 020 3727 1000 |
Dido Laurimore/Tom Gough/ Ellie Sweeney | |