Change of Auditor
06/05/2022 07:00
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RNS Number : 5280K DG Innovate PLC 06 May 2022
6 May 2022
DG Innovate plc
("DG Innovate" or the "Company")
Change of Auditor
DG Innovate (LSE: DGI) is pleased to announce the appointment of Moore
Kingston Smith LLP ("Moore Kingston Smith") as auditor to the Company. The
appointment of Moore Kingston Smith will be subject to approval by
shareholders at the next Annual General Meeting of the Company.
The appointment of Moore Kingston Smith follows the resignation of PKF
Littlejohn LLP ("PKF") as auditors to the Company. Section 519 of the
Companies Act 2006 (the "Act") requires PKF to send a statement of the reasons
for ceasing to hold office. They are also required, under this section of
the Act, to include details of any matters that they consider need to be
brought to the attention of members or creditors of the Company. They have
stated that in accordance with Section 519 of the Act, they are ceasing to
hold office due to the following reasons which they believe should be brought
to the attention of the Company's members or creditors:
· PKF Littlejohn LLP had been appointed as statutory auditor for
the Company for a period of more than three consecutive financial years since
the 31 December 2018 audit. As set out in paragraph 4.15 of the Financial
Reporting Council's 2019 Revised Ethical Standard, a cap on the level of fees
from permitted non-audit services is established in the fourth financial
period of the audit engagement. This cap came into effect for the financial
year commencing 1 January 2021 and is applied to all permitted non-audit
services which are not required by law or regulation.
· During that financial year commencing 1 January 2021, PKF
Littlejohn LLP provided permitted non-audit services to the Company. These
services involved a combination of those which are required by law or
regulation, and those which are not.
· As the value of the permitted non-audit services which were not
required by law or regulation exceeded the fee cap, PKF Littlejohn LLP is
unable to continue as the Company's auditors.
As required by the Act, DG Innovate will send a copy of PKF's resignation
letter to its shareholders.
For further information please contact:
DG Innovate plc C/O IFC
Christopher Theis
Jack Allardyce
IFC Advisory (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
Grant Thornton UK LLP (Financial Adviser) 020 7383 5100
Samantha Harrison
Jamie Barklem
Daphne Zhang
Ciara Donnelly
ETX Capital (Broker) 020 7392 1400
Tom Curran
Thomas Smith
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