Change of the Company's Auditor
31 October 2023 - 1:00AM
Change of the Company's Auditor
ALBION DEVELOPMENT VCT PLC
LEI Code
213800FDDMBD9QLHLB38
Change of the Company’s
Auditor
Following a formal and rigorous audit tender
process, Albion Development VCT PLC (the “Company”), is pleased to
announce the appointment of Johnston Carmichael LLP (“Johnston
Carmichael”) as the Company’s Auditor with immediate effect.
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.
The last audit tender process was undertaken in
2017, and the Audit & Risk Committee thought it was appropriate
to undertake a formal tender process to evaluate and review the
provision of the audit services in the market.
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 15 years.
For further information please contact:Vikash HansraniOperations
PartnerAlbion Capital Group LLPTelephone: 020 7601 1850
30 October 2023
Albion Development Vct (LSE:AADV)
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