Highbridge Multi-Strategy Fd Ltd £ Appointment of Auditor and Audit Committee member (2468M)
11 October 2016 - 11:19PM
UK Regulatory
TIDMHMSF
RNS Number : 2468M
Highbridge Multi-Strategy Fd Ltd £
11 October 2016
HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")
Appointment of Auditor and additional Audit Committee member
The Board of the Company is pleased to announce that
PricewaterhouseCoopers CI LLP (PwC) have been appointed as the
auditors of the Company, and that Vic Holmes, Chairman of the
Company has been appointed as a member of the Audit Committee. More
detail follows.
The Board, as indicated in past annual reports, was very aware
that the original auditors to the Company, Ernst Young, had
completed ten audits of the Company. In addition, in view of the
changes to the Company passed by the Extraordinary General Meeting
on 24 February 2016, the Board felt it appropriate to carry out a
tender for the external audit of the Company. Six potential audit
firms were asked to indicate their interest in the appointment and
to provide certain initial information about themselves, including
all the so called "Big 4" and two other firms. The Audit Committee
then selected a shortlist of two who were invited to be interviewed
by them on 10 October 2016.
PwC were ultimately selected and were appointed by the Board to
replace Ernst and Young LLP who resigned on 10 October 2016. A
resolution to appoint PwC as Auditors of the Company will be put to
the next Annual General Meeting of the Company in the normal
way.
The Board is also pleased to announce that, effective 10 October
2016, Vic Holmes, Chairman of the Company was appointed as a member
of the Audit Committee of the Company. The Board is aware that the
current guidance to Listed Companies is that the Chairman of the
Board should not also be a member of the Audit Committee. However,
the Board believes that, since it is now comprised of only four
individuals, and since Mr Holmes is a qualified accountant with
considerable experience in the administration and financial
reporting of listed investment companies, his addition to the Audit
Committee is of benefit to shareholders.
For further information about this announcement please
contact:
JTC (Guernsey) Limited
Secretary
Tel: +44 (0) 1481 702 400
END OF ANNOUNCEMENT
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