LSL Property Services Re-appointment of auditors (3337B)

TIDMLSL

RNS Number : 3337B

LSL Property Services

16 June 2016

 
 For immediate release   16 June 2016

LSL Property Services plc ("LSL" or "Group")

Re-appointment of auditors

The Board of LSL announces its intention to recommend to shareholders the re-appointment of Ernst & Young LLP ("EY") as LSL's auditor. A resolution to approve the re-appointment of EY will be put to shareholders at the Company's AGM in 2017.

The Board's proposal to re-appoint EY as the Group's external auditor follows a recommendation by the Audit Committee to the Board based on a formal tender process overseen by the Audit Committee, as referred to in LSL's 2015 Annual Report & Accounts.

David Stewart, Chair of the Audit Committee said:

"We are pleased to have conducted a robust and comprehensive audit tender process which concluded with a shortlist of three audit firms. The tender process with the shortlisted firms included meetings with management, written submissions and formal presentations to a sub-committee of the Audit Committee. The principal evaluation criteria were audit approach, team experience and cultural fit as well as overall quality and value for money. The Audit Committee provided the Board with a shortlist of two preferred audit firms, concluding with a recommendation to retain EY.

I am pleased that this recommendation has been accepted by the Board and I would like to thank the other firms who took part in the tender process. We look forward to continuing to work with EY."

For further information, please contact:

 
 Ian Crabb, Group Chief 
  Executive Officer 
 Adam Castleton, Group Chief 
  Financial Officer 
 LSL Property Services plc         0207 382 0360 
 
 Richard Darby, Sophie McNulty, 
  Sophie Cowles 
 Buchanan                          0207 466 5000

Notes on LSL:

LSL is a leading provider of residential property services to its key customer groups. Services to consumers include: residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products. Services to mortgage lenders include: valuations and panel management services, asset management and property management services. For further information, please visit LSL's website: www.lslps.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBIGDLDDBBGLU

(END) Dow Jones Newswires

June 16, 2016 02:00 ET (06:00 GMT)

Lsl Property Services (LSE:LSL)
Historical Stock Chart
From Jun 2024 to Jul 2024