Appointment of Deloitte LLP as Auditor

RNS Number : 3896A

PZ CUSSONS PLC

24 March 2017

 

24 March 2017

PZ CUSSONS PLC

Appointment of Deloitte LLP as Auditor

PZ Cussons plc ("PZ Cussons" or the "Company") today announced that the Board has approved the proposed appointment of Deloitte LLP as external auditor for the financial year commencing 1 June 2017. This follows the conclusion of a competitive tender process led by the Audit & Risk Committee. The appointment of Deloitte is subject to shareholder approval at the Annual General Meeting to be held in September 2017.

PwC, the Company's present external auditor, will continue to undertake the audit for the current financial year.

The Board extends its thanks to PwC for the support and services which it has provided over the course of its appointment.

- Ends -

For further information contact:

PZ Cussons Plc
Brandon Leigh - Chief Financial Officer	0161 435 1016
Instinctif Partners
Tim Linacre	020 7457 2020

Notes to editors:

PZ Cussons Plc is listed on the London Stock Exchange with a market capitalisation of c. £1.4bn. The Group operates across Europe, Asia-Pacific and Africa with leading brands in Personal Care, Homecare, Electrical Goods and Food and Nutrition.

In the 2016 Annual Report, the Company announced its intention to launch a competitive audit tender process during the year ending 31 May 2017. Annual appointment of external auditors by AGM is required under UK law. UK and EU law now requires an auditor's maximum period as auditor to a listed company to be 20 years, with a competitive tender process required at least once every 10 years.

 

END

 

 

MSCOKNDNABKDFNB