Watkin Jones plc Change of Auditor (8966F)
July 21 2021 - 1:00AM
UK Regulatory
TIDMWJG
RNS Number : 8966F
Watkin Jones plc
21 July 2021
For immediate release 21 July 2021
Watkin Jones plc
('Watkin Jones', the 'Company' or the 'Group')
Change of Auditor
Watkin Jones plc (AIM:WJG), has, as previously announced,
undertaken a selection process to appoint a new audit firm, as part
of its adherence to best practice on corporate governance and in
view of the long tenure of Ernst & Young LLP ('EY') as the
Group's auditor.
The Board has now completed this process, which involved
consideration of proposals from three audit firms, including one
non-Big Four firm. Following a recommendation by the Audit
Committee, the Board has selected Deloitte LLP ('Deloitte') to be
the Company's new auditor and they will be appointed immediately
following the signing of the Company's financial statements for the
year ending 30 September 2021. In the meantime, Deloitte will
shadow EY through the audit process for our current year-end.
A resolution for the appointment of Deloitte as auditor will be
included in the 2022 Notice of Annual General Meeting.
The Board wishes to express its appreciation of the high
standard of auditing that EY has provided to Watkin Jones over the
last 24 years.
- Ends -
For further information:
Watkin Jones plc
Richard Simpson, Chief Executive Tel: +44 (0) 20 3617 4453
Officer
Philip Byrom, Chief Financial www.watkinjonesplc.com
Officer
Peel Hunt LLP (Nominated Adviser & Joint Tel: +44 (0) 20 7418 8900
Corporate Broker)
Mike Bell / Ed Allsopp www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Tel: +44 (0) 20 7029 8000
Broker)
Max Jones / Will Soutar www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Oldworth Tel: +44 (0) 20 7466 5000
Jamie Hooper / Steph Watson
watkinjones@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Watkin Jones is the UK's leading developer and manager of
residential for rent, with a focus on the build to rent and student
accommodation sectors. The Group has strong relationships with
institutional investors, and a reputation for successful,
on-time-delivery of high quality developments. Since 1999, Watkin
Jones has delivered 43,000 student beds across 130 sites, making it
a key player and leader in the UK purpose-built student
accommodation market. In addition, Fresh, the Group's specialist
accommodation management business, manages over 20,000 student beds
and build to rent apartments on behalf of its institutional
clients. Watkin Jones has also been responsible for over 80
residential developments, ranging from starter homes to executive
housing and apartments. The Group is increasingly expanding its
operations into the build to rent sector and is piloting an
opportunity to re-focus its residential house building operation as
a developer of affordable homes.
The Group's competitive advantage lies in its experienced
management team and business model, which enables it to offer an
end-to-end solution for investors, delivered entirely in-house with
minimal reliance on third parties, across the entire life cycle of
an asset.
Watkin Jones was admitted to trading on AIM in March 2016 with
the ticker WJG.L. For additional information please visit
www.watkinjonesplc.com
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END
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