Nanoco Group plc (LON:NANO) has announced that, following a formal tender process, the appointment of Mazars LLP as its new auditor with immediate effect and to include the current financial year ending 31 July 2022.
PwC LLP have now resigned as auditor of the Company and its subsidiaries following the completion of the 31 July 2021 audit.
In accordance with section 519 of the Companies Act 2006, PwC has deposited a statement with the Company detailing the circumstances connected with them ceasing to hold office as auditor of the Company (the “Statement”). The Statement confirms that PwC resigned following the Company’s decision to appoint auditors at a lower fee than PwC were proposing to charge for the statutory audit for the year ending 31 July 2022.
The appointment of Mazars as auditor for the current financial year has been made by the Directors to fill the vacancy arising on the resignation of PwC. This appointment will be subject to approval by shareholders at the next Annual General Meeting of the Company to be held in 2022.
