Change of AuditorSource: RNS
Release date: 11 August 2021
Embargoed until: Immediate release
CLS Holdings plc ("CLS")
Change of Auditor
CLS Holdings plc has undertaken a selection process to appoint a new external audit firm as part of its adherence to best practice on corporate governance and in light of the long tenure of Deloitte LLP as the Group's external auditor.
Following the completion of the formal tender process, the Board has approved the appointment of Ernst & Young LLP as its new external auditor for the year ending 31 December 2022. Deloitte LLP will complete the audit for the current financial year ending 31 December 2021, and Ernst & Young LLP will be appointed immediately following the signing of the financial statements for the year ending 31 December 2021.
Shareholder approval to confirm the appointment of Ernst & Young LLP will be sought at the 2022 Annual General Meeting in mid-April 2022.
Bill Holland, Chair of the CLS's Audit Committee, commented:
"The Board would like to thank Deloitte LLP for their work as auditor over the last 15 years. Subject to shareholder approval at the 2022 AGM, we look forward to working with EY in the future and building a similar relationship."
For further information, please contact:
CLS Holdings plc
Fredrik Widlund, Chief Executive Officer
Andrew Kirkman, Chief Financial Officer
+44 (0)20 7582 7766
Liberum Capital Limited
+44 (0)20 3100 2222
+44 (0)20 7886 2733
Elm Square Advisers Limited
+44 (0)20 7823 3695
Smithfield Consultants (Financial PR)
+44 (0)20 3047 2546