19 Mar 2020 12:39
VALUE AND INCOME TRUST PLC (the "Company")
Change of Auditor
Following a formal audit tender process, Value and Income Trust PLC is pleased to announce the appointment of BDO LLP ("BDO") as its new auditor with effect from 19 March 2020. BDO will conduct the audit of the Company's financial statements for the financial year to 31 March 2020. The appointment of BDO as auditor for the following financial year will be subject to approval by shareholders at the 2020 Annual General Meeting of the Company.
In accordance with section 519 of the Companies Act 2006, Grant Thornton UK LLP ("Grant Thornton") deposited a statement with the Company of the circumstances connected with them ceasing to hold office as auditor of the Company (the "Statement"). The Statement confirms that Grant Thornton resigned as auditor of the Company because the Company held a competitive tender and they were not re-appointed. A copy of the Statement will be sent to every person who is entitled to receive a copy of the Company's Annual Reports and Financial Statements.
The Board looks forward to working with BDO in the future.
Enquiries:
Mandy Kelly, Maven Capital Partners UK LLP, Company Secretary: | Tel: +44 (0) 141 306 7400 |