BBGI Global Infrastructure S.A. Intention to conduct audit tender (7999G)
November 27 2020 - 7:59AM
UK Regulatory
TIDMBBGI
RNS Number : 7999G
BBGI Global Infrastructure S.A.
27 November 2020
27 November 2020
BBGI Global Infrastructure S.A.
(" BBGI " or the " Company ")
INTENTION TO CONDUCT AUDIT TENDER
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global
infrastructure investment company, announces its intention to
conduct an audit tender with a view to selecting a firm to audit
the Company's consolidated IFRS financial statements starting for
the fiscal period beginning 1 January 2022 (the "Tender").
The Tender is initiated in compliance with European Audit Reform
as adopted by the EU legislators in 2014 and with Luxembourg law on
23 July 2016 on the audit profession ("Law ndeg6929") which
requires Public Interest Entities to put their statutory audit
engagement out to tender at least every 10 years.
The Tender process will be led by the Company's Audit Committee
(with active consultation with the Company's Management Board and
other relevant parties within BBGI).
The request for proposal for the Tender is expected to be issued
during the last quarter of 2020 with the Tender process to be
conducted during the first half of 2021. The final decision is
expected to be announced no later than the release of the Group's
2021 Interim Results (expected to be published in August 2021).
FOR FURTHER INFORMATION, PLEASE CONTACT:
BBGI Management Team +352 263 479-1
Michael Denny - Chief Financial
Officer
-----------------------------
Maitland/AMO (Communications adviser) +44(0) 20 7379 5151
-----------------------------
James Benjamin / Jason Ochere / BBGI-maitland@maitland.co.uk
Rhys Jones
-----------------------------
NOTES
BBGI Global Infrastructure (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE 250
that invests in and actively manages for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
investments.
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. BBGI has a proactive
approach to preserving and enhancing the value of its investments,
and to delivering well maintained social infrastructure for
communities and end users, whilst serving society by supporting
local communities.
All of BBGI's investments are availability-based and supported
by secure public sector-backed contracted revenues, with
inflation-protection characteristics, that is paid so long as the
assets are available for use.
BBGI's investment portfolio is over 99% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder
returns and consistently maintains low comparative ongoing charges
to shareholders.
Further information about BBGI is available on its website at
www.bb-gi.com *.
The Company's LEI is: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its
subsidiaries (where applicable).
* Neither the Company's website nor the content of any website
accessible from hyperlinks on its website (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to
form) part of this announcement.
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END
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