Reckitt Benckiser Group PLC Outcome of Audit Tender (3489E)
May 05 2017 - 6:07AM
UK Regulatory
TIDMRB.
RNS Number : 3489E
Reckitt Benckiser Group PLC
05 May 2017
5 May 2017
Reckitt Benckiser Group plc ("RB")
RB to propose the appointment of KPMG LLP ("KPMG") as
auditor
RB announces its intention to appoint KPMG as its auditor for
the financial year ending 31 December 2018. This follows a
competitive tender process for its statutory audit contract,
overseen by RB's Audit Committee, resulting in a recommendation
which was approved by the RB Board.
PricewaterhouseCoopers LLP ("PwC"), RB's current external
auditor, will continue in its role and, further to reappointment by
RB's shareholders at the 2017 Annual General Meeting held on 4 May
2017, will undertake the audit of RB for the financial year ending
31 December 2017. The appointment of KPMG will be recommended to
RB's shareholders for approval at the 2018 Annual General
Meeting.
Ken Hydon, Chairman of RB's Audit Committee during the tender
process, said: "We would like to extend our appreciation to PwC for
its significant contribution to RB and the work it has carried out
to provide assurance to the RB Board and shareholders during its
time as RB's auditor. We have conducted detailed investigations as
part of a thorough audit tender process to ensure that our
principal criteria of geographical reach, experience, expertise in
the consumer products industry, and cultural fit were met. Subject
to shareholder approval, KPMG will be appointed at the 2018
AGM."
Notes to editors:
-- In RB's Annual Report and Accounts for the year ended 31
December 2015, RB's Audit Committee disclosed that it had commenced
a pre-selection process with a number of audit firms in preparation
for an audit tender in 2017, with the intention to recommend and
have ready for appointment a new auditor at the 2018 AGM.
-- 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.
For further information, please contact:
RB
Richard Joyce
SVP, Investor Relations
+44 (0)1753 217800
Patty O'Hayer
Director, External Relations and Government Affairs
+44 (0)1753 217800
Brunswick
David Litterick
+44 (0)20 7404 5959
Reckitt Benckiser Group plc's LEI code is
5493003JFSMOJG48V108
About RB:
RB* is the world's leading consumer health and hygiene company.
The company has operations in over 60 countries, with headquarters
in London, Dubai and Amsterdam, and sales in most countries across
the globe. The company employs approximately c. 37,000 people
worldwide.
Inspired by a purpose to deliver innovative solutions for
healthier lives and happier homes, RB is in the top 20 companies
listed on the London Stock Exchange. We are the global No 1 or No 2
in the majority of our fast-growing categories, driven by an
exceptional focus on innovation. Our health, hygiene and home
portfolio is led by our global Powerbrands including Nurofen,
Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol,
Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon,
Air Wick, Woolite and French's. Our Powerbrands represent 80% of
net revenue.
RB is redefining the world of consumer health and hygiene. Our
people and unique culture are at the heart of our success. We have
a drive for achievement and a passion to outperform wherever we
focus, including sustainability where we are targeting a 1/3
reduction in water impact, 1/3 reduction in carbon and 1/3 of net
revenue from more sustainable products. We are proud to be Save the
Children's largest global partner, with a new vision to radically
reduce one of the world's largest killers of under 5s,
diarrhoea.
For more information visit www.rb.com
*RB is the trading name of the Reckitt Benckiser group of
companies
This information is provided by RNS
The company news service from the London Stock Exchange
END
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