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16 Dec 2013 09:30
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NewsΒ Release
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Monday 16th December 2013
Change of Auditor
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Spirax-SarcoΒ Engineering plc, theΒ worldΒ leader inΒ theΒ control andΒ efficient use of steam and in peristaltic pumping,Β announcesΒ that, in accordance with best practice, it proposes to appoint Deloitte LLP as its auditor for the year ending 31st December 2014. The appointment follows a recommendation by the Audit Committee, based on a comprehensive and thorough competitive tender process, and is subject to shareholder approval at the 2014 Annual General Meeting.
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KPMG Audit Plc has been the Group's auditor for a considerable period and the Board would like to thank them for their contribution over the years.
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We look forward to a constructive and professional relationship with Deloitte, in support of the Audit Committee's responsibility for oversight over the integrity of financial reporting.
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There are no matters in connection with KPMG's prospective retirement as auditors which, in the view of the Board, need to be brought to the attention of shareholders. In accordance with applicable legislative requirements in the United Kingdom, the Board will receive from KPMG, upon their retirement as auditors, notification of any circumstances which need to be brought to the attention of either the creditors or shareholders of the Company.
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Enquiries:
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David Meredith
Director, Finance
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Tel: 01242Β 535234
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AboutΒ SpiraxΒ Sarco
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Spirax-SarcoΒ EngineeringΒ plc isΒ theΒ worldΒ leaderΒ in bothΒ steamΒ systemΒ managementΒ andΒ peristalticΒ pumping. TheΒ CompanyΒ provides a broadΒ rangeΒ of fluidΒ controlΒ products,Β engineeredΒ packages,Β siteΒ servicesΒ and systemsΒ expertiseΒ for its diverseΒ rangeΒ of overΒ 100,000 industrialΒ andΒ institutionalΒ customers. TheΒ CompanyΒ helpsΒ itsΒ customersΒ to optimiseΒ productionΒ capacity,Β reduce energyΒ costsΒ and emissions,Β improveΒ productΒ qualityΒ and enhanceΒ theΒ safetyΒ of theirΒ operations. SpiraxΒ SarcoΒ isΒ headquarteredΒ inΒ Cheltenham,Β England, has strategicallyΒ locatedΒ manufacturingΒ plantsΒ aroundΒ theΒ worldΒ and employsΒ approximatelyΒ 4,700Β people,Β of whomΒ aroundΒ 1,300Β are directΒ salesΒ and serviceΒ engineers. Its sharesΒ haveΒ beenΒ listedΒ onΒ theΒ London StockΒ ExchangeΒ since 1959Β (symbol: SPX). Further informationΒ canΒ beΒ foundΒ atΒ Β www.spiraxsarcoengineering.com
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