Standard Chartered PLC SCPLC - Outcome of Audit Tender (0974W)
November 09 2017 - 11:56AM
UK Regulatory
TIDMSTAN
RNS Number : 0974W
Standard Chartered PLC
09 November 2017
9 November 2017
STANDARD CHARTERED PLC
ANNOUNCES THE OUTCOME OF ITS AUDIT TENDER
Standard Chartered PLC (the "Company") today announces that,
following the conclusion of the formal audit tender process led by
the Company's Audit Committee, the Board on a recommendation from
the Audit Committee has approved the proposed appointment of Ernst
& Young LLP ("EY") as its auditor from the year ending 31
December 2020.
Following completion of the audit of the Company's accounts for
the financial year ending 31 December 2019 by KPMG LLP ("KPMG"), EY
will be appointed as the Company's auditor. Following finalisation
of the terms of their engagement, the appointment of EY will be
recommended to shareholders for approval at the 2020 Annual General
Meeting.
The Company, EY and KPMG will commence transition planning to
ensure a smooth and effective migration.
Further disclosure on the tender process will be set out in the
2017 Annual Report and Accounts.
There are no matters in connection with KPMG's prospective
retirement as auditor which need to be brought to the attention of
shareholders.
In accordance with the relevant legislative requirements in the
United Kingdom and Hong Kong the Board will receive from KPMG, upon
their retirement as auditor, notification of any matters that need
to be brought to the attention of creditors or shareholders of the
Company.
END
For further information, please contact:
Julie Gibson - Media queries
Julie.Gibson@sc.com +44 20 7885 2434
Mark Stride - Investor Relations
Mark.Stride@sc.com +44 20 7885 8596
Notes to Editors
Standard Chartered
We are a leading international banking group, with around 86,000
employees and a 150-year history in some of the world's most
dynamic markets. We bank the people and companies driving
investment, trade and the creation of wealth across Asia, Africa
and the Middle East, where we earn around 90 per cent of our income
and profits. Our heritage and values are expressed in our brand
promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong
Stock Exchanges as well as the Bombay and National Stock Exchanges
in India.
For more information please visit www.sc.com. Explore our
insights and comment on our blog, BeyondBorders. Follow Standard
Chartered on Twitter, LinkedIn and Facebook.
LEI: U4LOSYZ7YG4W3S5F2G91
Classification: 3.1. Additional regulated information required
to be disclosed under the laws of a Member State
This information is provided by RNS
The company news service from the London Stock Exchange
END
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