Change of Auditor

RNS Number : 0195N

Stobart Group Limited

25 September 2012

 

25 September 2012

Stobart Group Limited

Change of Auditor

Stobart Group Limited ("the Company") announces that the Board has appointed KPMG Audit Plc ("KPMG") as auditor for the Company. Having engaged Ernst & Young LLP ("Ernst & Young") as the Company's auditor since 2002, the Board, on the recommendation of the Audit Committee, decided that it was appropriate to put the Company audit out to competitive tender. The tender process was initiated in May 2012 and following formal proposals and presentations from three firms, KPMG was successful in this process. Ernst & Young has consequently resigned as auditor of the Company.

Ends

Stobart Group	[phone]
Ben Whawell, Chief Financial Officer
i-nfluence	[phone]
Stuart Dyble/James Andrew
Square1 Consulting	[phone]
David Bick/Mark Longson

 

END

 

 

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