Business
Re-appointment of auditors
Re-appointment of auditors.
About this update from Lsl Property Services Plc
[{"type":"text","content":"\n \nRNS Number : 3337B LSL Property Services 16 June 2016 \n\n\n\n\n\nFor immediate release\n\n\n16 June 2016\n\n\n\n\n \n \n \nLSL Property Services plc (\"LSL\" or \"Group\")\nRe-appointment of auditors\n \nThe Board of LSL announces its intention to recommend to shareholders the re-appointment of Ernst & Young LLP (\"EY\") as LSL's auditor. A resolution to approve the re-appointment of EY will be put to shareholders at the Company's AGM in 2017.\n \nThe Board's proposal to re-appoint EY as the Group's external auditor follows a recommendation by the Audit Committee to the Board based on a formal tender process overseen by the Audit Committee, as referred to in LSL's 2015 Annual Report & Accounts.\n \nDavid Stewart, Chair of the Audit Committee said:\n \n\"We are pleased to have conducted a robust and comprehensive audit tender process which concluded with a shortlist of three audit firms. The tender process with the shortlisted firms included meetings with management, written submissions and formal presentations to a sub-committee of the Audit Committee. The principal evaluation criteria were audit approach, team experience and cultural fit as well as overall quality and value for money. The Audit Committee provided the Board with a shortlist of two preferred audit firms, concluding with a recommendation to retain EY.\n \nI am pleased that this recommendation has been accepted by the Board and I would like to thank the other firms who took part in the tender process. We look forward to continuing to work with EY.\"\n \nFor further information, please contact:\n\n\n\n\nIan Crabb, Group Chief Executive Officer \n\n\n\n\n\n\n\nAdam Castleton, Group Chief Financial Officer\n\n\n\n\n\n\n\nLSL Property Services plc \n\n\n0207 382 0360\n\n\n\n\n\n\n\n\n\n\n\n\nRichard Darby, Sophie McNulty, Sophie Cowles\n\n\n\n\n\n\n\nBuchanan\n\n\n0207 466 5000\n\n\n\n\n&nbs...