Change of External Auditors

Released : 11/04/2017 07:00

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
 
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