Intention to conduct audit tender

RNS Number : 7999G

BBGI Global Infrastructure S.A.

27 November 2020

 

 27 November 2020

BBGI Global Infrastructure S.A.

(" BBGI " or the " Company ")

INTENTION TO CONDUCT AUDIT TENDER

BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, announces its intention to conduct an audit tender with a view to selecting a firm to audit the Company's consolidated IFRS financial statements starting for the fiscal period beginning 1 January 2022 (the "Tender").

The Tender is initiated in compliance with European Audit Reform as adopted by the EU legislators in 2014 and with Luxembourg law on 23 July 2016 on the audit profession ("Law n°6929") which requires Public Interest Entities to put their statutory audit engagement out to tender at least every 10 years.

The Tender process will be led by the Company's Audit Committee (with active consultation with the Company's Management Board and other relevant parties within BBGI). 

The request for proposal for the Tender is expected to be issued during the last quarter of 2020 with the Tender process to be conducted during the first half of 2021.  The final decision is expected to be announced no later than the release of the Group's 2021 Interim Results (expected to be published in August 2021).

FOR FURTHER INFORMATION, PLEASE CONTACT:

BBGI Management Team	[phone]
Michael Denny - Chief Financial Officer
Maitland/AMO (Communications adviser)	[phone]
James Benjamin / Jason Ochere / Rhys Jones	[e-mail]

NOTES

BBGI Global Infrastructure (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

Further information about BBGI is available on its website at www.bb-gi.com *.

The Company's LEI is: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

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