Johnson Matthey PLC Result of the External Audit Tender (5753G)
March 05 2018 - 2:00AM
UK Regulatory
TIDMJMAT
RNS Number : 5753G
Johnson Matthey PLC
05 March 2018
Johnson Matthey Plc - Result of the External Audit Tender
Johnson Matthey Plc (the "Company") announces that following the
conclusion of a competitive tender process led by the Company's
Audit Committee and as disclosed in the 2017 Annual Report and
Accounts, the Company's Board has approved the proposed appointment
of PricewaterhouseCoopers LLP ("PwC") as the external auditor for
the financial year commencing 1 April 2018. This appointment is
subject to shareholder approval at the Company's Annual General
Meeting to be held in July 2018.
KPMG LLP ("KPMG") will remain as the Company's auditor for the
financial year ended 31 March 2018.
In line with the Statutory Audit Services Order 2014, given that
KPMG (and its predecessor entities) has been the Company's external
auditor for more than 20 years, KPMG was not invited to retender
for this appointment.
Alan Ferguson, Chairman of the Company's Audit Committee,
said:
"The Board would like to thank KPMG for its many years of
service to the Company and it looks forward to working with PwC in
the future."
Enquiries:
Analysts and investors:
Martin Dunwoodie +44 (0)20 7269 8241
Simon McGough +44 (0)20 7269 8235
Katharine Burrow +44 (0)20 7269 8444
Media:
Sally Jones +44 (0)20 7269 8407
This information is provided by RNS
The company news service from the London Stock Exchange
END
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