Change of Auditors

RNS Number : 0367M

888 Holdings plc

11 July 2014

 



11 July 2014

888 Holdings Public Limited Company

('888', the 'Company')

Change of Auditors

The Board of Directors of 888 announces that it has appointed EY as statutory auditors to the Company, replacing BDO LLP and BDO Limited Chartered Accountants. The appointment will be effective from 30 June 2014 and will apply in respect of the Company's half year results for the period ending 30 June 2014. The Company intends to put the appointment of EY as its auditorsto a vote of the Company's shareholders at the next Annual General Meeting.

BDO LLP and BDO Limited Chartered Accountants have provided audit services to the Company for 10 years. The Board's decision to replace 888's auditors is taken in light of the changing regulatory environment, and is in line with emerging practice and institutional investor guidelines in respect of audit tenure. The Board considers EY best positioned to provide audit services to the Company through a period of significant growth and expansion into regulated markets, especially the United States.  

The Board of 888 would like to thank BDO LLP and BDO Limited Chartered Accountants for their significant contribution as the Company's auditors throughout the years, including during 888's initial public offering on the London Stock Exchange in October 2005. There are no matters in connection with BDO's resignation as auditors which, in the view of the Board, need to be brought to the attention of shareholders.

Contacts and enquiries

888 Holdings Plc
Brian Mattingley, Chief Executive Officer	[phone]
Aviad Kobrine, Chief Financial Officer	[phone]
Hudson Sandler
Alex Brennan	[phone]

 

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