3i Group PLC 3i announces result of audit tender (2737W)
July 31 2018 - 1:02AM
UK Regulatory
TIDMIII
RNS Number : 2737W
3i Group PLC
31 July 2018
Press release
31 July 2018
3i announces result of audit tender
Following a competitive tender process led by the Audit and
Compliance Committee, 3i Group plc today announces its intention to
propose the appointment of KPMG LLP as its external auditor for the
financial year ending 31 March 2021. A resolution to approve their
appointment will be put to shareholders at the Company's AGM in
June 2020.
As disclosed in the Group's 2018 Annual report and accounts, 3i
must appoint a new auditor for its year ended 31 March 2021. The
tender process, which commenced after the publication of our Annual
report, was run in 2018 to allow as wide a group of participants as
possible sufficient time to be able to become independent.
The Board expects that Ernst & Young LLP will remain the
Group's auditors until the year ended 31 March 2020. To facilitate
an orderly transition, KPMG LLP will also observe the FY2020
audit.
The Board would like to acknowledge Ernst and Young LLP's
significant contribution as the Group's auditors over the years and
thank the other firms who participated in the audit tender.
For further information, contact:
3i Group plc
Silvia Santoro Tel: +44 20 7975 3258
Investor Relations enquiries Email: silvia.santoro@3i.com
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com
Notes to editors:
About 3i Group
3i is a leading international investment manager focused on
mid-market Private Equity and Infrastructure. Its core investment
markets are northern Europe and North America. For further
information, please visit: www.3i.com
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END
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