Just Group PLC Change of Adviser (0137S)

TIDMJUST

RNS Number : 0137S

Just Group PLC

01 November 2019

 
 
NEWS RELEASE  www.justgroupplc.co.uk

1 November 2019

JUST GROUP plc

JUST ANNOUNCES RESULT OF AUDIT TENDER

Just Group Plc ("Just") today announces its intention to appoint PricewaterhouseCoopers LLP ("PwC") as its external auditor for the financial year ending 31 December 2020.

The timing of this change enables auditor continuity during our preparation and implementation of IFRS 17, currently scheduled for 2022, and will ensure compliance with the rules regarding auditor rotation. The tender process has taken into consideration FRC guidance on best practice.

A resolution to approve the appointment of PwC will be put to shareholders at the Company's AGM in 2020. PwC will observe the 2019 audit, to ensure an efficient transition.

Just acknowledges the important contribution KPMG has made as the Company's auditor over its many years of service.

 
 Enquiries 
 
  Investors / Analysts                Media 
 
  James Pearce, Director of Group     Stephen Lowe, Group Communications 
  Finance                             Director 
 
  Telephone: +44 (0) 7715 085 099     Telephone: +44 (0) 1737 827 301 
  james.pearce@wearejust.co.uk        press.office@wearejust.co.uk 
 
  Paul Kelly, Investor Relations      Temple Bar Advisory 
  Manager                             Alex Child-Villiers 
  Telephone: +44 (0) 20 7444 8127     William Barker 
  paul.kelly@wearejust.co.uk          Telephone: +44 (0) 20 7002 1080

Additional Information

KPMG LLP has been the group's external auditor since the 2006 year end. The audit was last tendered in 2016 following the group's merger with Partnership Assurance, and KPMG reappointed. At that time it was noted that the audit would be reviewed in due course. We approached a range of firms including the other 'big four' firms and certain mid-tier firms. The Audit Committee was fully involved in the tender process, which was led by the Committee Chair.

A copy of this announcement will be available on the Group's website www.justgroupplc.co.uk

JUST GROUP PLC

GROUP COMMUNICATIONS

Vale House, Roebuck Close

Bancroft Road, Reigate

Surrey RH2 7RU

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END

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