Business
Auditor Resignation
Auditor Resignation.
About this update from Discoverie Group Plc
[{"type":"text","content":"\n\n16 August 2024\n \ndiscoverIE Group plc\n \nAuditor Resignation\n \ndiscoverIE Group plc (LSE: DSCV, \"discoverIE\" or \"the Company\"), a leading international designer and manufacturer of customised electronics to industry, announces that, in accordance with section 520(2) of the Companies Act 2006, the Company has received a statutory statement from PricewaterhouseCoopers LLP (\"PwC\") in connection with its resignation as auditor of the Company.\n \nThe resignation of PwC follows a competitive tender process undertaken by the Company for the position of statutory auditor. Following this process, shareholders approved the appointment of Deloitte LLP as auditor of the Company at the Annual General Meeting on 26 July 2024.\n \nA copy of the section 519 statement of reasons provided by PwC is available to view on the Company's website (www.discoverieplc.com). Hard copies have been posted to those shareholders who have elected to receive paper communications.\n \n \n \nFor further information, please contact:\n \ndiscoverIE Group plc\nGreg Davidson - Company Secretary 01483 544 500\n \n \nBurson Buchanan\nChris Lane, Toto Berger, Jack Devoy 020 7466 5000\[email protected]\n \n \nNotes to Editors:\n \nAbout discoverIE Group plc\n \ndiscoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial applications.\n \nThe Group provides application-specific components to original equipment manufacturers (\"OEMs\") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term customer relationships.\n \nWith a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement t...