Tate & Lyle PLC Result of the External Audit Tender
August 03 2017 - 5:00AM
UK Regulatory
TIDMTATE
Tate & Lyle PLC
Result of the External Audit Tender
Tate & Lyle PLC (the 'Company') today announces a proposal
to appoint Ernst & Young LLP ('EY') as its external auditor for
the financial year ending 31 March 2019.
As disclosed in the Company's Annual Report, and in accordance
with UK market practice, the Audit Committee commenced a tender
process earlier this year. The proposed change of auditor follows a
recommendation by the Audit Committee to the Board based on a
formal tender in line with best practice. Further information on
the tender process will be provided in the Audit Committee Report
to be included in the Company's Annual Report for the financial
year ending 31 March 2018.
A resolution to approve the appointment of EY will be put to
shareholders at the Company's AGM in July 2018.
A resolution to re-appoint the Company's current auditor,
PricewaterhouseCoopers LLP ('PwC'), for the financial year ending
31 March 2018 was approved by shareholders at the Company's AGM on
27 July 2017.
PwC, or its predecessor firms, has been the auditor of the
Company since 1989 and the Board would like to thank PwC for its
years of diligent service to the Company.
Claire-Marie O'GradyCompany Secretary3 August 2017
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August 03, 2017 06:00 ET (10:00 GMT)
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