Conclusion of Audit Tender Process

RNS Number : 7606M

Tesco PLC

11 May 2015

 



11 May 2015

TESCO PLC

CONCLUSION OF AUDIT TENDER PROCESS

Tesco PLC today announces that, following the conclusion of a formal tender process for its statutory audit contract, the Board have approved the proposed appointment of Deloitte LLP as the Company's new statutory auditors, subject to approval by shareholders at the 2015 AGM.  We and PricewaterhouseCoopers LLP mutually agreed that they would not take part in the tender process. PwC will therefore stand down as the Company's auditors at the conclusion of the 2015 AGM.

John Allan, Chairman, said: "On behalf of the Board, I would like to thank PricewaterhouseCoopers LLP for their significant contribution over the past 32 years, and we look forward to working with Deloitte LLP going forward."

Enquiries:

Media                           Tom Hoskin     01992 644645

Investors                     Chris Griffith    01992 644800

 

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