Audit Tender

RNS Number : 2509C

Next PLC

24 June 2016

 

Contact:	Alistair Mackinnon-Musson	Email: [e-mail]
	Rowbell PR	Tel:  [phone]

Audit Tender

The Board of Next plc announces its intention to recommend to shareholders, for approval at the 2017 AGM, the appointment of PricewaterhouseCoopers LLP as the auditor of the Next group of companies (the "Group") for the financial year ending 27 January 2018.

Next stated its intention to tender the audit in the Group's Annual Report and Accounts for the financial year ending 30 January 2016 and a thorough tender process, overseen by the Audit Committee, has been undertaken following changes to the UK Corporate Governance code and EU regulation which require audit tendering and rotation. This proposed change of auditor follows a recommendation by the Audit Committee to the Board based on the outcome of the tender process.

Ernst & Young LLP ("EY"), the Group's current auditor, will continue in the role and will undertake the audit of the Group's consolidated accounts for the financial year ending 28 January 2017, having been reappointed at the 2016 AGM.

The Board would like to thank EY for their significant contribution as the Group's auditors for more than 20 years, and also the other firms who took part in the tender.

Seonna Anderson

Company Secretary 

 

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