Micro Focus International plc Change of External Auditors (1301C)
11 April 2017 - 4:01PM
UK Regulatory
TIDMMCRO
RNS Number : 1301C
Micro Focus International plc
11 April 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
11 April 2017
Micro Focus International plc
Change of External Auditors
Micro Focus International plc ("Micro Focus" or the "Company"),
the global infrastructure software business, is pleased to announce
its intention to appoint KPMG LLP ('KPMG') as its external auditor
for the year ending 30 April 2018.
KPMG's appointment follows a competitive tender process led by
the Audit Committee, resulting in a recommendation which was
approved by the Board of the Company at a meeting yesterday. KPMG's
appointment will be recommended to the Company's shareholders at
the 2017 Annual General Meeting.
The Company's current auditor PricewaterhouseCoopers LLP
('PwC'), appointed at the 2016 Annual General Meeting, will
continue in role and undertake the audit of the Group's
consolidated accounts for the year ending 30 April 2017. PwC, KPMG
and the Company will work together to ensure a smooth and seamless
transition process. On PwC's retirement the Board will receive the
required notification, in accordance with the applicable
legislation in the United Kingdom, of any matters which need to be
brought to the attention of either creditors or shareholders of the
Company.
Commenting on the upcoming change Richard Atkins, Chairman of
the Audit Committee, said
"PwC have been the Company's auditors since the IPO in 2005. The
most recent change in audit partner happened in the year ended 30
April 2013, partner rotation therefore coincided with the legal
requirement to go out to tender. The Board would like to thank PwC
for the professionalism and commitment over the years. The Audit
Committee carried out a detailed, open and transparent tender
process and looks forward to working with KPMG in the future."
For further information please contact:
Micro Focus International plc
Mike Phillips (Chief Financial Officer)
Tim Brill (Director, Corporate Communications & IR)
+44 1635 565605
Powerscourt (PR adviser)
Juliet Callaghan
+44 20 7250 1446
About Micro Focus
Micro Focus (LSE: MCRO.L) is a global enterprise software
company supporting the technology needs and challenges of the
Forbes Global 2,000 (the top 2,000 public companies in the world by
as determined Forbes magazine). Our solutions help organisations
leverage existing IT investments, enterprise applications and
emerging technologies to address complex, rapidly evolving business
requirements while protecting corporate information at all times.
Micro Focus's Product Portfolios are Micro Focus and SUSE. Within
Micro Focus our solution portfolios are COBOL Development and
Mainframe Solutions, Host Connectivity, Identity and Access
Security, IT Development and Operations Management Tools, and
Collaboration and Networking. For more information, visit:
www.microfocus.com. SUSE, a pioneer in Open Source software,
provides reliable, interoperable Linux, cloud infrastructure and
storage solutions that give enterprises greater control and
flexibility. For more information, visit: www.SUSE.com.
Disclaimer
This release is not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. Any
public offering of securities to be made in the United States will
be made by means of a prospectus that may be obtained from Micro
Focus and that will contain detailed information about Micro Focus
and its management, as well as financial statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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