Business
Change of Auditor 2020
Change of Auditor 2020.
About this update from Hill & Smith Plc
[{"type":"text","content":"\n \nRNS Number : 2040B Hill & Smith Hldgs PLC 28 January 2020 \n\n29 January 2020\n \nHill & Smith Holdings PLC\nChange of Auditor 2020\n \nHill & Smith Holdings PLC ('Hill & Smith' or 'the Group'), the international group with leading positions in the supply of infrastructure products and galvanizing services to global markets, today announces that, following the conclusion of a formal competitive tender process led by its Audit Committee, the Board has approved the proposed appointment of Ernst & Young LLP (\"EY\") as its external auditor to take effect from, and including, the financial year ending 31 December 2020.\n \nThe appointment of EY will be recommended to shareholders for approval at the Group's Annual General Meeting in May 2020. KPMG LLP (\"KPMG\") will continue in its role as external auditor to the Group for the current year ending 31 December 2019. KPMG did not participate in the tender due to the length of its current appointment. Further disclosure on the formal competitive tender process conducted by the Audit Committee will be set out in the Group's 2019 Annual Report. \n \nMark Reckitt, Chairman of the Audit Committee, said: \"We would like to thank KPMG for its significant contribution as Hill & Smith's auditors over recent years. Subject to shareholder approval at the 2020 AGM, we look forward to working with EY in the future.\" \n \n- Ends -\nFor further information, please contact:\n \nHill & Smith Holdings PLC\nDerek Muir, CEO Tel: +44 (0)121 704 7430\nHannah Nichols, CFO\n \nMHP Communications\nAndrew Jaques/Ollie Hoare \nNotes to Editors \nHill & Smith Holdings PLC is an international group with leading positions in the design, manufacture and supply of infrastruc...