Last checked at 26 Jul 2019 09:36
Xaar plc
Change of Auditor
Xaar plc (the "Company") is pleased to announce that, following the conclusion of a formal tender process, it has appointed Ernst & Young LLP ("Ernst & Young") as its new auditor for the financial year ending 31 December 2019. The appointment of Ernst and Young for the following financial year will be subject to approval by shareholders at the next Annual General Meeting of the Company to be held in 2020.
Deloitte LLP ("Deloitte") has resigned as the Company's auditor and has provided the following statement of reasons relating to its resignation, in accordance with Section 519 of the Companies Act 2006:
"The Company had to put the audit out to mandatory tender and another firm were selected."
A copy of Deloitte's statement of reasons is being sent to shareholders for information only, as required by Section 520(2) of the Companies Act 2006 and will shortly be available to view on the National Storage Mechanism. The Board would like to thank Deloitte for its significant contribution and service as auditor over the last 10 years.
Enquiries:
Xaar plc
Camila Cottage, Company Secretary
+44 (0)1223 423 663