Change of Auditor and Principal Place of Business

RNS Number : 8646F

Worldsec Ld

25 February 2015

 



25 February 2015

Worldsec Limited (the "Company")

Change of Auditorand Principal Place of Business Address

The Company announces that Menzies LLP has resigned as auditor of the Company. The circumstance connected with their ceasing to hold office as the Company's auditor is the failure between Menzies LLP and the Board of the Company (the "Board") to reach agreement on the proposed audit fee for the year ended 31 December 2014, resulting in the Audit Committee recommending that the Board appoints an alternative audit firm. Accordingly, Menzies LLP have tendered their resignation as requested.

Apart from the above, Menzies LLP confirmed that there were no other circumstances connected with their ceasing to hold office which they considered should be brought to the notice of the members or creditors of the Company.

The Company further announces that, on the recommendation of the Audit Committee, the Board has resolved to appoint BDO Limited as auditor of the Company with immediate effect to fill a casual vacancy following the resignation of Menzies LLP and to hold office until the conclusion of the next general meeting of shareholders of the Company.

The Board wishes to take this opportunity to extend appreciation and gratitude to Menzies LLP for their services rendered to the Company for the past year.

The Company also announces that it has changed its principal place of business address from 6^th Floor, New Henry House, 10 Ice House Street, Central, Hong Kong to Unit 607, 6/F., FWD Financial Centre, 308 Des Voeux Road Central, Sheung Wan, Hong Kong. All investor relations enquiries should be directed to the new address going forward.  The Company's registered office remains unchanged at Canon's Court, 22 Victoria Street, Hamilton HM12, Bermuda.

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Date: 25 February 2015

 

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