REG - Intnl. Biotechnology - Change of Auditors

International Biotechnology TrustAnnouncement

09/12/2025 11:30

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RNS Number : 8564K  Intl. Biotechnology Trust PLC  09 December 2025

9 December 2025

 

INTERNATIONAL BIOTECHNOLOGY TRUST PLC

 

(the "Company")

 

Change of Auditors

 

 

Following a formal and competitive tender process overseen by the Audit
Committee of the Company, the Board has proposed the appointment of Johnston
Carmichael LLP as the Company's auditors for the financial year ending 31
August 2026. A resolution to appoint Johnston Carmichael LLP will be put to
shareholders at the Company's next Annual General Meeting ("AGM") to be held
on 12 December 2025. PricewaterhouseCoopers LLP ("PwC") has served as the
Company's auditors since 2007 and was reappointed following a tender in 2016.
PwC will cease to hold office as the Company's auditors at the conclusion of
the 2025 AGM.

 

In reaching the decision to propose the appointment of Johnston Carmichael
LLP, the Board was mindful of the requirement to rotate the senior statutory
auditor following the audit of the 2025 financial statements, as well as the
need to conduct another audit tender by 2027 due to the 20-year maximum tenure
for audit firms.

 

As required by section 519 of the Companies Act 2006, PwC has deposited a
statement with the Company confirming that there are no matters connected with
its ceasing to hold office as auditors that need to be brought to the
attention of members or creditors of the Company.

 

In accordance with UK Listing Rule 6.4.1, a copy of the section 519 statement
will be uploaded to the National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The Board would like to thank PwC for its professional service to the Company
throughout its tenure in office.

 

 

 

Enquiries:

 

Schroder Investment Management Limited

Natalia de Sousa

Tel: 0207 658 6000

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