REG-IQE plc : Appointment of New Auditor <Origin Href="QuoteRef">IQE.L</Origin>

IqeAnnouncement

12/02/2018 07:05

  
12 February 2018
   
IQE plc
("IQE" or the "Company")
   
Appointment of New Auditor
 
 
  
IQE (AIM:IQE) would like to notify investors that it will be updating its investor relations website shortly to reflect the appointment of KPMG LLP ("KPMG") as its new auditor, following a competitive review process in December 2017. KPMG will audit the Company's 2017 financial results, which are due to be published on 20 March 2018. KPMG replaces PricewaterhouseCoopers LLP ("PwC") who had acted as IQE's auditors since 2005. 
  
As part of the handover process, PwC provided the Company with a written statement which confirmed there were no matters which needed to be brought to the attention of the Company's members, creditors or directors. This announcement is not required under the AIM Rules, but in the context of the two recent broadly similar and misleading reports published by funds with a short position in IQE, the Company wishes to go above and beyond the disclosure requirements as stated under the AIM Rules. The Company holds itself to the highest standards of transparency, governance and integrity.
  
Contacts:
                     
 IQE plc 
Drew Nelson 
Phil Rasmussen 
Chris Meadows

     
 +44 (0) 29 2083 9400 
 Canaccord Genuity
Simon Bridges
Henry Fitzgerald-O'Connor
Richard Andrews

     
 + 44 (0) 20 7523 8000 
 Peel Hunt 
Edward Knight
 Nick Prowting

   
 +44 (0) 20 7418 8900 
 FTI Consulting
Matt Dixon
Rob Mindell
Harry Staight

     
 +44 (0) 20 3727 1000

  
   


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IQE plc via Globenewswire