PZ CUSSONS PLC Appointment of Deloitte LLP as Auditor (3896A)

TIDMPZC

RNS Number : 3896A

PZ CUSSONS PLC

24 March 2017

24 March 2017

PZ CUSSONS PLC

Appointment of Deloitte LLP as Auditor

PZ Cussons plc ("PZ Cussons" or the "Company") today announced that the Board has approved the proposed appointment of Deloitte LLP as external auditor for the financial year commencing 1 June 2017. This follows the conclusion of a competitive tender process led by the Audit & Risk Committee. The appointment of Deloitte is subject to shareholder approval at the Annual General Meeting to be held in September 2017.

PwC, the Company's present external auditor, will continue to undertake the audit for the current financial year.

The Board extends its thanks to PwC for the support and services which it has provided over the course of its appointment.

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For further information contact:

 
PZ Cussons Plc 
Brandon Leigh - Chief Financial 
 Officer                          0161 435 1016 
 
  Instinctif Partners 
Tim Linacre                       020 7457 2020 
 

Notes to editors:

PZ Cussons Plc is listed on the London Stock Exchange with a market capitalisation of c. GBP1.4bn. The Group operates across Europe, Asia-Pacific and Africa with leading brands in Personal Care, Homecare, Electrical Goods and Food and Nutrition.

In the 2016 Annual Report, the Company announced its intention to launch a competitive audit tender process during the year ending 31 May 2017. Annual appointment of external auditors by AGM is required under UK law. UK and EU law now requires an auditor's maximum period as auditor to a listed company to be 20 years, with a competitive tender process required at least once every 10 years.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 24, 2017 03:00 ET (07:00 GMT)