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Wincanton PLC (WIN)

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Tuesday 18 February, 2020

Wincanton PLC

Appointment of Auditors

RNS Number : 2339D
Wincanton PLC
18 February 2020
 

                                                                                                                                    18 February 2020

 

 

 

 

 

WINCANTON PLC ("Wincanton", the "Company" or the "Group")

 

Appointment of Auditors

 

Following the conclusion of a formal competitive tender process, the Board is pleased to propose the appointment of BDO LLP ("BDO") as its external auditor to take effect from the financial year commencing 1 April 2020. BDO will conduct the audit of the Company's financial statements for the financial year ending 31 March 2021. The appointment is subject to approval by shareholders at the next Annual General Meeting of the Company, to be held on 25 June 2020.

 

KPMG LLP ("KPMG") will continue in its role as external auditor to Wincanton for the current financial year ending 31 March 2020.

 

Further disclosure on the formal competitive tender process conducted by the Audit Committee will be set out in Wincanton's 2020 Annual Report.

 

Paul Dean, Chair of Wincanton's Audit Committee, said: "We would like to thank KPMG for their many years of service as Wincanton's auditor. Subject to shareholder approval at the 2020 AGM, we look forward to working with BDO in the future."

 

-Ends-

 

For further information please contact:

 

Wincanton Plc                                                                         Tel: 01249 710 000

Tim Lawlor, Chief Financial Officer

 

Buchanan                                                                                Tel: 020 7466 5000

Richard Oldworth/Vicky Hayns

 

 

Notes to Editors

 

About Wincanton

Wincanton is the largest British third-party logistics (3PL) company, providing supply chain solutions to some of the world's most admired companies across a wide range of industries including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services and solutions that range from setting up and operating distribution networks, through to bonded warehouses, technology hosting, container transport and storage. We strive for operational excellence in everything we do.

We work hard to understand and respond to our customers' needs, build long-term relationships and use our skills and expertise to deliver a smarter, added value service, every day. Our customers rely on us to make their businesses operate more efficiently and to gain a competitive advantage in their sector.

Key facts:

•           17,600 colleagues

•           200+ locations

•           Responsible for 3,600 vehicles

•           Revenue £1.1bn

•           4,600 drivers

•           14.3m sqft of warehousing space

 


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