Kings Arms Yard Change Of The Company's Auditor
October 30 2023 - 9:00AM
UK Regulatory
TIDMKAY
KINGS ARMS YARD VCT PLC
LEI Code 213800DK8H27QY3J5R45
Change of the Company's Auditor
Following a formal and rigorous audit tender process, Kings Arms
Yard VCT PLC (the "Company"), is pleased to announce the
appointment of Johnston Carmichael LLP ("Johnston Carmichael") as
the Company's Auditor with immediate effect. The tender process was
carried out as BDO LLP ("BDO") had been the Company's Auditor for 9
years and core legislation mandates that the maximum period for
which a firm can be appointed as auditor of a public interest
entity is 10 years before a mandatory tender is carried out.
Johnston Carmichael will conduct the audit of the Annual Report
and Financial Statements for the year ended 31 December 2023. The
appointment of Johnston Carmichael as the Company's Auditor for the
subsequent financial year end will be subject to approval by
shareholders at the next Annual General Meeting in 2024. The Board
has concluded that Johnston Carmichael is independent of the
Company.
In accordance with Section 519 of the Companies Act, BDO has
deposited a statement to the Company of the circumstances connected
with them ceasing to hold office as the Company's Auditor. A copy
of the statement will be sent to all shareholders who are entitled
to receive a copy of the Company's Annual Report and Financial
Statements.
The Company and the Manager would like to express their
appreciation and gratitude to BDO for their diligent service over
the last 9 years.
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
30 October 2023
(END) Dow Jones Newswires
October 30, 2023 10:00 ET (14:00 GMT)
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