Change of Auditor from 2021

RNS Number : 3922G

Johnson Service Group PLC

25 November 2020

 

25 November 2020

AIM: JSG

Johnson Service Group PLC

("JSG" or "the Company")

Change of Auditor from 2021

JSG, a leading UK textile services provider, announces that, following the conclusion of a formal competitive tender process conducted by its Audit Committee, the Board has approved the proposed appointment of Grant Thornton UK LLP ("Grant Thornton") as its external auditor to take effect from, and including, the financial year ending 31 December 2021.

The appointment of Grant Thornton as auditor is subject to approval by shareholders at the next Annual General Meeting of the Company to be held in 2021 (the "2021 AGM").  PricewaterhouseCoopers LLP ("PwC") will continue in its role as external auditor to the Company for the current financial year ending 31 December 2020.  PwC were not invited to participate in the tender due to the length of its current appointment.  In order to separate external audit and tax advisory services, the Board is retaining PwC as tax advisors.  Further disclosure on the formal competitive tender process will be set out in JSG's 2020 Annual Report.

Chris Girling, Chair of JSG's Audit Committee, said:

"We would like to thank PwC for its significant contribution as auditor of the Company over the past years.  Subject to shareholder approval at the 2021 AGM, we look forward to working with Grant Thornton in the future."

ENQUIRIES:

Johnson Service Group PLC
Peter Egan, CEO Yvonne Monaghan, CFO Tel: [phone]
Investec Investment Banking (NOMAD)	Camarco (Financial PR)
David Flin Carlton Nelson Tel: [phone]	Ginny Pullbrook Ben Woodford Oliver Head Tel: [phone]

Johnson Service Group PLC

www.jsg.com

 

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