Change of Auditor

RNS Number : 2424K

Maven Income and Growth VCT 5 PLC

19 September 2016

 

MAVEN INCOME AND GROWTH VCT 5 PLC (the 'Company') 

Change of Auditor

Following a formal tender process, Maven Income and Growth VCT 5 PLC is pleased to announce the appointment of Deloitte LLP ("Deloitte") as its new auditor with effect from 9 September 2016. Deloitte will conduct the audit of the Company's financial statements for the financial year to 30 November 2016. The appointment of Deloitte as auditor 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 2017.

In accordance with section 519 of the Companies Act 2006, KPMG LLP ("KPMG") has 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 KPMG resigned as auditor of the Company because the Company held a competitive tender for the audit in which they did not participate due to the rules on the mandatory rotation of auditors. 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 wishes to take this opportunity to extend its appreciation and gratitude to KPMG for its services rendered to the Company for the last 15 years.

Enquiries: 

Graeme Cullen, Maven Capital Partners UK LLP:

Tel: [phone]

 

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